Compliance Management System Assessment 3

Running head: COMPLIANCE MANAGEMENT SYSTEM ASSESSMENT 3
Compliance Management System Assessment 3
Name of the student:
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Author Note:

COMPLIANCE MANAGEMENT SYSTEM ASSESSMENT 31
Task – 3
Discussion
In this task, it is actually required by the business to understand the implication of the
compliance management system implemented within the business prospect of the company.
The actual reason behind such implementation of the such compliance management system is
to avoid the tax in the business. The upper level management of the organization actually
takes care of the issues regarding the compliance management for the purpose of
minimization of tax.
The management accounting of the business must have strong focus on the
organizational goals of the business (Kaplan and Atkinson 2015). The management accounts
must be evaluated and reviewed on an interval basis further to enhance the overall financial
accounting system of the organization. The annual reports of the company is further based on
the statutory returns of the business along with the tax associated with it.
In Response to Question 1
A.
There are actually certain techniques which must be adopted by the upper level
management or rather the CEO of the organization. The components of the compliance
management system is that the expectation from the board of the members regarding the
overall financial performance of the company. The systematic changes in the internal
management system of the company where the board of directors actually deals with the
components of the compliance management which actually includes the changes in the
policies and procedure, monitoring and audit and further the consumer complaints responses.

COMPLIANCE MANAGEMENT SYSTEM ASSESSMENT 32
The compliance program in that case includes the framework of the written policies
and procedures. It actually includes the training, monitoring and consumer complaints
management which actually falls under the management training program of the organization.
B.
There are actually the key personnel which includes in the Charity Care and the
responsibility of the Charity Care also varies based on the position held by the personnel
accordingly. Each and every personnel actually manages the respective work based on the
provided objective of the concern. The objective of the concern is to accomplish the overall
business prospects of the company and it is only possible if each and every employees in the
business achieves its own objectives (Holling 2017).
C.
The duties and responsibilities of the persons with the Charity care of is provided and
after that the detailed evaluation of the performance of each and every employees within the
organization. There are actually certain tools and techniques by the help of which the
performance of the individual employees can be identified. The tools through which the
performance is negotiated by adopting the key tools like the KPI’s and scorecards,
questionaries’ and surveys, oral questions and many more.
The overall performance of the company is achieved if the individual targets of the
employees are met accordingly. The reports regarding the performance of the employees
must be prepared so that the upper level management of the company can evaluate the
process.