362,836 research outputs found
A Framework for Visually Monitoring Business Process Compliance (Extended Abstract)
Any enterprise must ensure that its business processes comply with imposed compliance
rules. This extended abstract presents a comprehensive framework for visually monitoring business
process compliance. As opposed to existing approaches, the framework supports the visual
monitoring of all relevant process perspectives based on the extended Compliance Rule Graph
(eCRG) language. Furthermore, it not only allows for the detection of violations, but additionally
highlights their causes. Finally, the framework assists users in both monitoring business process
compliance and ensuring the compliant continuation of running business processes. Overall, the
framework provides a fundamental contribution towards the real-time monitoring of compliance in
process-driven enterprises
Supply Chain Management in a Highly Regulated Environment â a Case Study of Supplier GMP-Compliance Management in the Pharmaceutical Industry
The purpose if thus study is to explore the impacts of high authority regulation and enforcement to supply chain management practices. As one of the most regulated industries, the pharmaceutical industry was chosen as the research context. More specifically, this study concentrates on the pro-cess of managing supplierâs compliance to guidelines imposed by the European Commission, com-monly called as the Good Manufacturing Practice (GMP). The research context provides a prominent ground for researching the main effects of rigorous authority supervision that may have significant impacts to both business and society.
Theoretical part of this study concentrates on the relevant literature on supply chain management, supplier management, supply chain risk management and supply chain sustainability management. This literature review serves as a theoretical framework to understand what are prevalent, or normal, processes and assumptions in these different practices. This understanding is important for identify-ing the anomalies brought by high authority regulation and enforcement.
The research was conducted by interviewing informants from six different pharmaceutical compa-nies on their personal perceptions and companyâs processes. All the informants had a major role in their companyâs supplier GMP-compliance process, thus having significant internal knowledge. A general framework on the supplier GMP-compliance management process is proposed based on the findings.
I conclude that rigorous authority regulation and enforcement has several major impacts on how companies manage their suppliers, including disintegration of sub-processes, creation of depart-mental silos and shifting focus towards compliance itself rather than efficiency or rationality of the process. Furthermore, regulations limit risk management options that companies can exercise, which can lead to severe supply chain disruptions. Finally, through authority enforcement and certi-fication programs, there is an unintentional shift of responsibility from industry towards the authorities.
Contributions of this study reach beyond expanding theory â the balance between industrial inter-nal self-control and need of regulatory interference and supervision is in headlines now perhaps more than ever before, not least because of the rise of sustainability initiatives. While adding regula-tion may at first seem as straight-forward approach, it has implications that are critical to recognize before imposing new requirements
Turnitin Artikel Shariâah Scholars, Ijtihad and Decision Making in Islamic Finance
IslÄmic finance is developed based on the spirit, philosophy and principles of SharÄ«âah. SharÄ«âah contains the principles and foundations upon which financial system from an IslÄmic perspective is established. These fundamentals act as guidance and framework on which the direction of IslÄmic finance industry is set. All aspects of its operation need to be in compliance with the fundamental principles. Likewise, in IslÄmic financial product structuring, the compliance to SharÄ«âah principles is a prerequisite. This would include the whole processes from productâs conceptual inception to developing productsâ structure, products SharÄ«âah compliance manuals, reviewing the legal documentation, and producing report or opinion on the productsâ application for the business. The role of SharÄ«âah advisor in this endeavor is very significant. His role would involve the ex-ante process of identifying the need of costumers towards particular product, identifying the appropriate contract and structuring the product in line with IslÄmic contracts; and the ex-post processes of supervising the product application in the market, ensuring that IslÄmic financial institutions follow the mechanism approved by the SharÄ«âah advisor and preparing certification or SharÄ«âah compliance report report. The paper attempts to explore IslÄmic finance product structuring, various approaches in this regard, the role of SharÄ«âah advisors in decision making, developing IslÄmic financial products and certification that activities and income of IFIs are in line with the principles of SharÄ«âah
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Compliance advisory service feasibility study
This report identifies areas or methods of regulatory compliance information and advice to SMEs in the region that are inadequate or deficient. It recommends additional services that will benefit SMEs in the region taking into account the business support simplification agenda, state aid, legal liability, environmental and equality issues
Enterprise information security policy assessment - an extended framework for metrics development utilising the goal-question-metric approach
Effective enterprise information security policy management requires review and assessment activities to ensure information security policies are aligned with business goals and objectives. As security policy management involves the elements of policy development process and the security policy as output, the context for security policy assessment requires goal-based metrics for these two elements. However, the current security management assessment methods only provide checklist types of assessment that are predefined by industry best practices and do not allow for developing specific goal-based metrics. Utilizing theories drawn from literature, this paper proposes the Enterprise Information Security Policy Assessment approach that expands on the Goal-Question-Metric (GQM) approach. The proposed assessment approach is then applied in a case scenario example to illustrate a practical application. It is shown that the proposed framework addresses the requirement for developing assessment metrics and allows for the concurrent undertaking of process-based and product-based assessment. Recommendations for further research activities include the conduct of empirical research to validate the propositions and the practical application of the proposed assessment approach in case studies to provide opportunities to introduce further enhancements to the approach
Management control in the transfer pricing tax compliant multinational enterprise
This paper studies the impact of transfer pricing tax compliance on management control system (MCS) design and use within one multinational enterprise (MNE) which employed the same transfer prices for tax compliance and internal management purposes. Our analysis shows immediate effects of tax compliance on the design of organising controls with subsequent effects on planning, evaluating and rewarding controls which reveal a more coercive use of the MCS overall. We argue that modifications to the MCS cannot be understood without an appreciation of the MNEsâ fiscal transfer pricing compliance process
Evaluating the Customer Satisfactionâs Effect on Murabahah and Mudarabah Financing in Islamic Banking
There are a considerable number of studies on the service quality dimensions of banking industries, but little researches were carried out on the product quality dimensions, and this led to the minimal understanding of the impact of product quality dimensions from the customersâ standpoints, This research sought to identify the impact Islamic banking products (Murabahah and Mudarabah) dimensions on customer satisfaction. The study surveyed Islamic bank customers (users of the Islamic bankâs products in Nigeria) using questionnaires to seek responses, a convenient sampling technique was conducted to reach out to customers, and the use of PLS-SEM 3 was employed for the analysis of the data. The result model shows an R2 value of 0.414 (for Murabahah), which means 41% of the variance in customer satisfaction is explained by the exogenous constructs of perceived quality, cost, convenience and compliance of Murabahah, and R2 value of 0.309 (for Mudarabah) which means 31% of the variance in customer satisfaction is explained by the exogenous constructs of perceived quality, cost, convenience and compliance of Mudarabah. The values of R2 for Murabahah and Mudarabah show that the constructs were moderate in determining the satisfaction level of customers as they produced 0.414 and 0.309 respectively
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Exploring some standard-settersâ views in respect of asset recognition
In-depth semi-structured interviews were conducted with four Standards-setters: three International Accounting Standards Board members and a Canadian Accounting Standards Board staff member âwho has been working on the IASBâs Conceptual Framework project â in particular, the elements and recognition phase. These interviews were conducted from May to June 2008 and were directed towards seven related themes taken from the litarture: the definition of an asset, the recognition of an asset, asset recognition is a-priori to asset measurement, the resource in respect of intangible assets comprises ârightsâ, entity specific versus market specific events, separability, internally generated intangible assets. As one can observe from their personal views, they were not inclined towards the use of asset recognition criteria preferring instead to rely upon compliance with the definition of an asset and then an assetâs subsequent measurement
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