Ethics and Compliance Paper Essay

The societys project-oriented approach modify teamwork and leveled the playing field of ope proportionalityns team culture and corporate culture have been promoted an innovative sprightliness has been instilled and international integration has been improved. In terms of the market results, Lenovos adaption of project management has improved the omp whatevers core competitiveness with improved delivery and customer satis itemion. In turn, distinctive per spend a pennyance was delivered In 2006, the company had a market share of seven percent in the world(prenominal) PC market, led only by Dell and HP. Its total turnover was USD 14. 6 billion, a rise of 10 percent over the previous year. Ethics and Compliance Paper BY bc64762 Walmart is one of many companies who base its filing with the United States Securities and Exchange Commission. The purpose for writing about Walmarts Ethics and Compliance paper is to inform the reader about Walmarts important compliance carry outes. rand omness filings, analysis of financial statements, requirement for affidavit and legal proceedings volition be explained throughout further reading. Procedures for respectable Behavior Walmart has an official statement of ethics which is meant to be applied to non only the associates and directors employed by the organization but also ordinal parties. These leash parties include suppliers, consultants, public relations firms, contractors and all other third party companies who conduct business organisation with Walmart in any fashion. Due to the fact that Walmart does conduct business in several countries the tatement of ethics may be modified to coincide with the laws and customs of each country. To conform to the statement of ethics written out by Walmart, associates expect to follow the laws written by their city, state, and country at all times. These employees are also creditworthy for not only reading the Guiding Principles but also lowstanding and utilise those princ iples every-day. Employees do not expect to memorize these policies however they are pass judgment to learn those that apply directly to their Jobs. If an employee has a question or allude they should not be afraid to sk help from a manager or traverse any inappropriate conduct. If there was anything to happen and an investigation would sop up place with Walmart employees, the employees are judge to cooperate with and ensure the investigation sojourn private and come up front with any news that any employees may have. Along with these requirements of employees, Walmart has additional responsibilities for managers to ensure the ethical style is conducted. If an ethical anesthetise is brought to a managers attention, it is their Job to announce this to the Global Ethics Office at the Walmart Corporation.Managers are also expected to meet with their employees as a group to review the Guiding principles and resultant any questions that may arise. Managers encourage always putt ing ethics low in the event that an ethical issue is in conflict of business objectives. It is the managers duty to lead by example, and ensure that alone because one ethical mistake is made that this does not continue within their department. Open communication between managers and employees is a must and no issue should ever be put aside regardless of the magnitude. Along with these responsibilities and requirements, punish is handed own for those in violation. transactionions are taken up to and including edge for violation of the organizations ethics policy. SEC Compliance Processes The or so important process that Walmart uses to comply with SEC is to make SEC filings in accordance to the law. A sample of these filings can be visitd at http// pay. yahoo. com/q/sec? s=WMT. This varlet gives a list of 8K and IOQ filings made by Walmart with SEC. Also of utmost importance, the finance department at Walmart prepares the financial information and statements required by the SEC like the Income Statement, Balance Sheet and Cash Flow Statements.The company is so financial statements, more disclosures, controls and procedures and other information as required under part B. It is also necessary to provide Other Information relating to the company. The most important process of compliance that appears in the report is the signature certifying that the report is in compliance with Section 13(a) or 1 5(d) of the SEC make of 1934. The act of signing makes the hot seat and Chief Executive Officer responsible for the information contained in the reports. The requirement for certification makes it important for the CEO and the chief financial officer to nsure that the information contained in the report is correct. Other organization processes are roughly mechanical. For instance, the legal proceedings, including those against the company need to be listed. The legal department will provide a comprehensive list of the legal proceedings. Three officers, the Pr esident and the CEO, the Executive viciousness-President and CFO as well as the Senior Vice President law suits filed against Walmart and the disclosures in the court contains information about the informal proceedings of Walmart. The following web sites offer one the opportunity to examine Walmarts compliance with SEC requirements http// walmartstores. com/lnvestors/SECFilings. aspx or http//www. wakeupwalmart. com/ press/article. tml? article=784. apart from this, the SEC is responsible for the enforcement of the Sarbanes-Oxley Act, the Investment Advisers Act of 1940, the Investment Company Act of 1940, Trust Indenture Act of 1939 and the Securities Act of 1933. In driveation of the Sarbanes Oxley Act, the certified public accountant hearer of Walmart is required to comment on the internal control of the company. The auditor of Walmart, Ernst Young carries out the requisite examination of the internal control at Walmart and makes comments about the internal control at Walma rt. Walmarts Financial carrying into action over the Last Two YearsFinancial ratios are use to identify the strengths and weaknesses of a company. The topical ratio, debt ratio, return on equity ratio, and days receivable ratio will be used to identify Wal-Marts financial health. The ratios used will be for 2008 and 2009 to obtain a truncated look at the companys financial health. The first ratio is the current ratio. The current ratio tests for a companys liquid state (Keown, Martin, Petty, Scott, Jr. , 2005). The simplest and most basic test for a companys relative liquidity is the current test, which divides the companys current assets by its current liabilities.In 2008, Walmarts current assets were $48,020 million and the current liabilities were $58,478 million for a ratio of 0. 8. In 2009, Walmarts current assets were $48,949 million and current liabilities were $55,390 million for a ratio of 0. 9. The ratios indicate that the Walmarts financial health was slightly bet ter in 2009 than it was in 2008. Because a companys assets may be financed by debt or equity it is important to consider a companys debt ratio. The debt ratio shows relatively how well a company manages its assets or rather how much of its assets are in the form of debt (Keown,