You are an Internal Auditor working for XYZ Manufacturing Compa.pdf
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You are an Internal Auditor working for XYZ Manufacturing Company, a leading manufacturer of automotive components based in Johannesburg, South Africa. Your company has recently received a large government contract to supply parts for a major infrastructure project. The contract is worth R50 million and requires the procurement department to source materials and services from various suppliers. However, you have noticed some irregularities in the procurement process. In particular, the Procurement Manager, John Smith, has been awarding contracts to certain suppliers without following proper bidding procedures. You have come across invoices from these suppliers that seem inflated, and there are indications of kickbacks being received by John Smith. The total amount involved in these suspicious transactions is approximately R2 million. 4.1 Identify and analyse the relevant personal, business, and/or professional ethical dilemmas apparent in the scenario, considering the South African context of ethical standards, codes of conduct, and regulatory requirements in auditing. (6 marks) 4.2. Identify and describe the ethical values contradicted by the ethical dilemmas, such as integrity, honesty, fairness, and transparency, and evaluate the impact of the ethical dilemmas on these ethical values within the context of the manufacturing industry. (4 marks) 4.3 Identify the stakeholders affected by the ethical dilemmas, including the company, employees, suppliers, customers, and regulatory authorities, and explain how they are affected by the fraudulent activities in the procurement department. ANNEXURE I : FORMATIVE ASSESSMENT 2 (8 marks) 4.4 Apply an ethics-based reasoning process to solve the ethical dilemmas that have been identified, considering the appropriate steps to investigate the suspected fraudulent activities, gather evidence, and make recommendations for corrective actions. (8 marks) 4.5 Analyse all courses of action and the consequences of each, such as disciplinary action, legal implications, reputational damage, and financial losses, for engaging in fraudulent behavior within the organisation. (5 marks) 4.6 Discuss the importance of reporting ethics-related issues to higher levels of management, legal or regulatory authorities, or others when appropriate, and explain the potential impact of such reporting on the company, employees, stakeholders, and the broader business environment. (8 marks) Competency Framework Reference:.
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• Explain how an organization can structure and manage an ethics program.
• Develop a code of conduct that articulates standards to company stakeholders.
• Create an ethics training and communications plan.
• Evaluate mechanisms for obtaining advice on ethical issues and reporting ethical misconduct.
• Design an effective monitoring and auditing system.
ped82162_09_c09_255-294.indd 255 4/23/15 8:47 AM
Introduction
Introduction
Ethics Program Pays Off for Morgan Stanley
On April 25, 2012, Garth Peterson, former managing director for Morgan Stanley’s real estate
business in China, pleaded guilty to violating the Foreign Corrupt Practices Act (FCPA) and for
conspiring to evade Morgan Stanley’s internal controls for meeting securities laws for invest-
ment advisers (United States Department of Justice, 2012). From 2004 to 2007, Peterson
cultivated a relationship with a Chinese official to obtain business approvals. In 2008, execu-
tives at Morgan Stanley discovered the violations, reported them to the U.S. Securities and
Exchange Commission (SEC), and fired Peterson (Lucchetti & Kendall, 2012). Department of
Justice of.
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This interactive webinar will give you a live, guided demo of ELT’s online Ethics & Code of Conduct training program, discuss the laws that mandate training, and provide a practical overview of best training practices.
Online ethics training programs have become critical to many organization’s compliance and risk management strategies. Legal mandates over the past decade have significantly reduced fines and penalties for organizations that train employees on their Code. The regulatory environment continues intensify, demanding increased accountability and transparency from employers.
More than ever, organizations have a strong incentive to build both an ethical culture and effective compliance programs – to reduce risk, to avoid litigation, to build defenses and to create tangible value. Enterprise-wide employee education is central to this effort.
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Syllabus
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Introduction to objective, scope and outcome the subject
Chapter 2
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Chapter 3
Surveying: Object Principles & Types of Surveying; Site Plans, Plans & Maps; Scales & Unit of different Measurements.
Linear Measurements: Instruments used. Linear Measurement by Tape, Ranging out Survey Lines and overcoming Obstructions; Measurements on sloping ground; Tape corrections, conventional symbols. Angular Measurements: Instruments used; Introduction to Compass Surveying, Bearings and Longitude & Latitude of a Line, Introduction to total station.
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Chapter 4
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Chapter 5
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Chapter 6
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Water Pollution: Water Quality standards, Introduction to Treatment & Disposal of Waste Water. Reuse and Saving of Water, Rain Water Harvesting. Solid Waste Management: Classification of Solid Waste, Collection, Transportation and Disposal of Solid. Recycling of Solid Waste: Energy Recovery, Sanitary Landfill, On-Site Sanitation. Air & Noise Pollution: Primary and Secondary air pollutants, Harmful effects of Air Pollution, Control of Air Pollution. . Noise Pollution Harmful Effects of noise pollution, control of noise pollution, Global warming & Climate Change, Ozone depletion, Greenhouse effect
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