Essay on Ethics and Compliance - Hewlett Packard

Item 7.|  |MANAGEMENT’S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS|  | |25|  |

Due to several recent occurrences of being challenged on ethical compliance issues from the Compliance Officer, prohibiting partnerships with local community organizations, businesses, and VSOs, I am writing to receive guidance on how I should proceed. Recently two of our VSO organizations provided an annual cookout for the Veterans and staff at the Sumter CBOC; the event generated positive media coverage. The Veterans and staff were pleased to be the recipients of this event, because they cannot always travel to enjoy programs at the medical center in Columbia. In response to the Summer of Service, the VSOs and Volunteers were honored to show their appreciation to the Veterans for their service and the staff for the care they render to our

Figure 17: Table of the Definitions to the Types of Financial Reports at Gecko Hair (Ramey K., 2013).

Section 6 is Selected Financial Data, this shows consolidated statements and other financial forms. Section 7 has two parts: Management’s Discussion and Analysis of Financial Condition and Results of Operations, and Quantitate and Qualitative disclosures about Market Risk. Section 8 is Financial Statements and Supplementary Data, this section includes the various reports and consolidations for financial statements. Section 9 includes Changes In and Disagreements with Accountants on Accounting and Financial Disclosure, the title explains what this section is about, if the company has a dispute about an accountant’s calculations, it is explained here. Section 9 has two separate sub-sections, Section 9A Controls and Procedures, and Section 9B Other Information. Section 10 is Directors, Executive Officers and Corporate Governance. The information here is included in Section 1 Business under the “Executive Officers of the Registrant”. Section 11 is Executive Compensation, this section describes the compensation plans and practices for the Executive Officers. Section 12 Security Ownership of Certain Beneficial Owners and Management and Related Stockholder Matters includes tables that summarize information about the company’s equity compensation plans. Section 13 Certain Relationships and Related Transactions, and Director Independence includes various lease transactions, and other party transactions. Section 14, Principal Accounting Fees and services is the section that

There are a lot of companies who are not ethical and seem to get away with it, and there are some companies and also people who get caught, like Paula Deen when she made those bigotry comments, after her comments she lost a lot of endorsements and her stock feel and she was the laughing stock of the cooking channel, who also dropped her. Another company called Eron was thought to be ethical and turned out not to be and because of this the government changed a lot of regulatory measures and again to inforce the ones already put into place (Mayrbear, 2013).

Reports the variance in the main income statement and balance sheet accounts and the reasons thereof.

* Comments relating to the adequacy of disclosures, the actual descriptions of rate reconciliation items, deferred tax assets and liabilities, uncertain tax positions, timing of reversals, or expiration of net operating losses in various jurisdictions.

This paper contains analyzed data of the organization Lowe’s Home Improvement Stores. Lowe’s is a home improvement store that provides its customers with the supplies needed for any improvements around the home. The discussion hereafter will assess the role of ethics in the financial department and describe the procedures the company has to encourage ethical behavior. Next, explain the role financial markets in the United States. Followed by how Lowe’s complies with Securities and Exchange Commission (SEC) regulations. Lastly, provide an evaluation of the company’s financial

It is best to review GAAP principles that could be relevant for resolving the ethical situation. Ethics and the importance of ethical decision making have taken on increasing significance because of the pressures placed on business managers by stockholders, creditors, and other parties affected by financial performance. Many large corporations have responded to the rising public concern about ethics, ethical decision-making, and standards of integrity by examining their own corporate cultures. These companies have made ethics and ethical behavior by its employees a key element of their corporate strategies. Companies that follow the practices recommended for effective ethics programs, develop formal written ethics standards, assign responsibility for the ethics program to an ethics director who reports to top management, communicate ethics standards, and set up procedures to detect violations. These steps help ensure achievement of the corporate ethics objectives and make clear to employees the importance of following proper ethical principles. Some companies create a hotline for employees to call in and report other employees being dishonest. This hotline helps employee stay honest and responsible for their actions. If they knew about dishonesty with other employees and don’t report them, they could be in line for the same situation of dishonesty. In the end employees of companies should be

Where would you find each of the above items in Matrix Electronic Medical Record Computer Corporation 's financial statements?

2 Letter to Shareowners 10 Business Overview 29 Board of Directors 31 Financial Section 142 Corporate Information

The fourth amendment to the United States constitution tells us that ”the right of the people to be secure in their persons, houses, papers, and effects, against unreasonable searches and seizures, shall not be violated”. In other words, it is illegal for persons to go through your things without your consent or knowledge. This is fairly straightforward and simple, right? Not exactly! Patricia Dunn was accused of hiring private investigators to investigate members of the board of Hewlett Packard. These investigators used a technique known as pretexting, a practice of getting your personal information under false pretenses (Federal Trade Commission, 2008). In this case the investigators called the phone company

HP's annual report has four key parts, i.e. part I, II, and III. Part I largely concerns itself with the basic aspects of the business. In so doing, it first introduces the business to the reader and then proceeds to identify some of the risk factors that affect its operations. It is also in Part I where the company identifies some of the properties it owns and ongoing legal proceedings. Information provided in Part II on the other hand includes the company's securities and stock performance, selected financial data, managerial analysis of the results, market risk disclosures, and an evaluation of procedures and controls. It is also in this section that we have the company's consolidated financial statements. Part III has got to do with issues regarding to corporate governance. The last part, Part IV, contains exhibits and schedules of financial statements.

In a company such as Hewlett Packard, we have to wonder how all of these questionable decisions were made when they had a Mission Statement, so against dishonesty. “The HP Way” as it was called, seemed concerned with integrity, “We Conduct our business with uncompromising integrity. We expect HP people to be open and honest in their dealings to earn the trust and loyalty of others. People at every level are expected to adhere to the highest standards of business ethics and must understand that anything less is unacceptable”(Lawrence, Harris, & Baack, 2008). People at every level? Did this include the Board of Directors? The stand against evil offers individuals a sense of strength and integrity and becomes an intrinsic value (Koestenbaum, & Block, 2001). Where were the people standing against evil?

Appendix II (Include appendices, if needed, containing correspondence or other supporting schedules and documents, including the financial statements)