Work Ethics – Ocupario http://ocupario.org/ Fri, 24 Sep 2021 06:44:44 +0000 en-US hourly 1 https://wordpress.org/?v=5.8 https://ocupario.org/wp-content/uploads/2021/07/icon-3-150x150.png Work Ethics – Ocupario http://ocupario.org/ 32 32 Domestic-made electronic components essential to fuel India’s vision of being a global manufacturing hub-Mrs. Nandini B., Director, TESCOM Pvt. Ltd. https://ocupario.org/domestic-made-electronic-components-essential-to-fuel-indias-vision-of-being-a-global-manufacturing-hub-mrs-nandini-b-director-tescom-pvt-ltd/ Fri, 24 Sep 2021 06:12:59 +0000 https://ocupario.org/domestic-made-electronic-components-essential-to-fuel-indias-vision-of-being-a-global-manufacturing-hub-mrs-nandini-b-director-tescom-pvt-ltd/ There is no doubt that India is a growing economy with many new ambitions and milestones to be taken in the times to come. India aims to achieve a GDP of $ 5,000 billion and a digital economy of $ 1,000 billion. Growth signals an increase in consumption and more for a digital economy as […]]]>

There is no doubt that India is a growing economy with many new ambitions and milestones to be taken in the times to come. India aims to achieve a GDP of $ 5,000 billion and a digital economy of $ 1,000 billion. Growth signals an increase in consumption and more for a digital economy as it underpins the increase in electronics consumption. The electronics market was valued at 118 billion dollars in 2019-20 and the demand for electronic products is expected to reach $ 400 billion by 2025 in India. However, the country’s domestic manufacturing has not been able to keep up with demand, hence the astonishing fact that the bill for importing electronics is right behind the bill for importing the country’s oil. The figures are in the billions, for comparison, electronics imports amounted to US $ 33 billion in fiscal year 2020, simultaneously with oil worth US $ 87.79 billion of petroleum products in fiscal year 2020. Electronics imports accounted for about 38% of petroleum imports. It is imperative that the country take early steps to boost local electronics manufacturing to meet the growing demand for electronics and reduce dependence on imports while expanding export opportunities.

In light of the current scenario to get a good idea of ​​India’s potential as an electronics manufacturing hub Mr. Akram Hoque, Founder-Editor of The Policy Times interviewed

Youtube link for the interview:https://youtu.be/zxjF0EH4VmA

Ms Nandini B., Director, TESCOM Pvt. Ltd. in the latest series of the “Global Innovator And Entrepreneur Show”. TESCOM is a leading and reliable EMS (Electronic Manufacturing Service) in Bangalore.TESCOM is a Leading and Reliable EMS (Electronic Manufacturing Service) in Bangalore. It is a company of over 30 years with strong expert services in various types of PCB assembly.

The Policy Times initiative “Global Fair for Innovators and Entrepreneurs” specially designed to nurture the start-up spirit and innovation of India towards new milestones.

Mrs Nandini, Please tell us a bit about yourself and your organization?

I am the director of TESCOM Pvt. Ltd. I have been in this field for over 15 years and my journey has been very interesting and informative so far. TESCOM is a subcontractor of various types of PCB assembly. The organization originally started in 1988 and at the beginning the organization specialized in the quality assurance of electrical components. However, the organization then migrated its service to PCB assembly since the miniaturization of electronic components, the manufacturer itself began to perform quality checks. Industries. The organization can take care of the assembly of printed circuits for any type of electronic product.

With modernization and automation, the demand for electronic products has increased exponentially in the country and created a large domestic market which in turn paved the way for TESCOM to multiply its operations.

How is TESCOM positioned differently in the market? How unique are your services compared to others in the market?

We provide comprehensive electronics manufacturing services in accordance with global standards. From the very beginning, we have focused on qualified service and improving our core competencies as well as rapidly evolving technologies. We have invested in advanced technologies for the manufacture of electronic equipment in various sectors ranging from medical, energy, automotive to entertainment. Our dedicated team, best practices and practices have always helped us meet global competitive standards.

Every business has challenges planted in its own way. The way we differentiate ourselves is the way we plan our service regardless of any economic or external shock to bring the best solutions to our customers according to their demands. We filter out nuisances and focus on increasing our skills, thus improving our services and our delivery with the best quality.

TESCOM is very well established on the national market. How do you plan to bring it to other parts of the country of its limitation right now as well as to the world?

TESCOM started with a small unit in Bangalore, but over the last 5-6 years we have grown significantly and expanded to several other units in Bangalore only. We also have fully operational manufacturing plants in Coimbatore and Hyderabad. Right now, rather than diversifying, we want to focus on sustaining the growth and profitability of these units.

As for the international market, we have a small amount of export factor in our company mainly from USA and Europe and in the coming years, we would like to increase the export to 25% of our business. total.

The development of the skills of our employees as well as of external people is another of our main areas of development in order to enable us to take on more skills-oriented projects. If we want India to be a global electronics manufacturing hub, we would need qualified people to realize this vision. Our mission is to grow with these people and take India’s manufacturing capacity to new levels.

Who are your stakeholders and what would be your message for the visionary growth you have planned for the future?

Our top priority at the time is skills development and for this, higher education institutions, especially colleges and universities, are our target stakeholders. It is only with a skilled workforce that we can stimulate collective growth and the best possible results. We are piloting several skills development projects with participants from North Karnataka and rural areas of Karnataka. We are making progress to include indigenous peoples in the project as well.

For our usual stakeholders, first and foremost our customers, my message would be that their success is our mission and for our suppliers, I urge them to maintain the support they have provided us so far.

India has a very ambitious vision to become a global manufacturing hub. What areas could the nation improve to achieve so that companies like TESCOM can fuel this dream into reality?

Any electronics made in India are mainly dependent on the import of components such as bare PCBs, laminates as well as assembly machines which affects the cost and delivery time for our customers which has an additional impact on their end users. If India is to become a self-sustaining manufacturing center, we have to make all three ourselves from bare PCBs, laminates and assembly machines. However, as we are part of a very well connected ecosystem, it seems like there is still a long time to go before India realizes its dream.

Any comments on milestone projects that reflect TESCOM’s work ethic and dynamism?

We have hit several milestones in our work lately. One was a large scale time limited project under PSU under the Indian government of EVM manufacturing. Another was the manufacture of fans which was a very time-limited and meticulous project. At the moment, we are undertaking an oxygen concentrator project, another new step for us. All of these opportunities have strengthened our growth and expansion in different verticals.

The program is chaired and mentored by Dr P. Sekhar, Chairman of Unleashing India, Global Smart City Panel, MTGF. According to Dr Sekhar, TESCOM is a fully mature company with a good job at their credentials and India’s rapid growth has also broadened their horizon. It is time for them to expand their vertical operations into national and international markets. Their growth path could also increase India’s chances and enrich the entire ecosystem.

For more details on Innovation, contact the promoter at Ms Nandini B., Director, TESCOM Pvt. Ltd. – M: +91 99020 75070 E: [email protected]

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Domestic-made electronic components essential to fuel India’s vision of being a global manufacturing hub-Mrs. Nandini B., Director, TESCOM Pvt. Ltd.

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In light of the current scenario to get a good idea of ​​India’s potential as an electronics manufacturing hub, Mr. Akram Hoque, Founder-Editor of The Policy Times interviewed

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TPT Information Office

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POLITICAL TIMES

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5 Ways To Provide Better Service In Your HVAC Business https://ocupario.org/5-ways-to-provide-better-service-in-your-hvac-business/ Thu, 23 Sep 2021 16:07:45 +0000 https://ocupario.org/5-ways-to-provide-better-service-in-your-hvac-business/ Being known as a reputable heating, ventilation and air conditioning (HVAC) company means that you are able to meet the expectations of your customers. This is the ultimate goal of most HVAC service providers. Well-trained technicians, state-of-the-art equipment and advanced tools are not enough to attract loyal customers. There is a lot to consider when […]]]>

Being known as a reputable heating, ventilation and air conditioning (HVAC) company means that you are able to meet the expectations of your customers. This is the ultimate goal of most HVAC service providers. Well-trained technicians, state-of-the-art equipment and advanced tools are not enough to attract loyal customers.

There is a lot to consider when you want to be successful as an HVAC business. From applying a work ethic, to engaging with customers and using technology for efficient operations, other factors can come into play. All of these and more are essential. to develop and develop.

However, your main goal, for now, should be to provide better customer service to your customers. Here are a few ways to do it:

  1. Use technology to your advantage

Manage your customers with HVAC service software to make your job more convenient. Since air conditioning and heating sales are always done via phone calls and messages, treating each customer individually allows you to build stronger relationships. Using your service software, you can enter customer information, transactions, contact details, and service needs. This process will make it easier for your staff to draw notes from their previous repairs and services rendered by your business.

  1. Respond immediately to inquiries and concerns

As a service company, you should expect to receive a lot of inquiries from customers regarding their cooling and heating needs. Some will contact you with their concerns, and others will want to know how your business is operating. Therefore, it is crucial to be available and accessible at all times. Emergencies happen all the time, and when you have 24/7 customer support, you can enjoy the activity and more sales, even during these times.

To become readily available at any time of the day, you need to provide a way for your customers to contact you easily. Whether you have AI chatbots or real customer service agents answering phone calls or emails, it’s best to always have something or someone who can communicate with your customers.

Your team should monitor emails or phone calls for customer contact and respond as quickly as possible. Assigning staff who can handle inquiries by phone or email is crucial so that your customers are well served at all times of the day.

  1. Always be on time

Time is gold, and no one wants to waste their time waiting for someone. Therefore, your business must respect the value of your customers’ time. Customer relationships can be built or broken easily by effectively managing your schedule and schedules. When everyone on your team is aware of the time, you will have a more efficient workflow. Your staff can notify customers of the following upcoming schedule and the next availability of technicians. Therefore, there should be transparent communication between the service employees and your employees who run your head office.

As a result, you can provide customers with more accurate arrival times for technicians. You don’t waste anybody’s time and above all, you don’t leave your customers disappointed. Even if the tech team is tied to previous engagements, you can still send another tech to the next standby customer, and the rest can follow soon after. These are the minor details that always impact your time management skills as a business.

  1. Explain the situation to clients in words they can understand

HVAC work can be technical, and as a result your customers might have a hard time understanding you. Avoid jargon when talking to them. Your tech team may have explained what condensers, filters, and coils do, but your customers may not have understood what your team said.

Break down the technical parts and find a way to explain them in detail using everyday language. Your staff can even draw illustrations so that the customer understands precisely how they will finish the job. As soon as your team is done, you can invite the owner for a tour and explain how your team performed the repairs or maintenance. When you communicate effectively with your customers, you will find that they will become loyal customers.

  1. Establish rapport with customers

Engage with your customers throughout the year through promotional campaigns, incentive programs and customer rewards. Use email marketing to your advantage by sending reminders regarding their HVAC maintenance. Email them valuable information and they will continue to subscribe to your list.

When you offer discounts and promotional gimmicks, not only are you generating potential sales, but also creating brand loyalty as they become more familiar with your name and services. When you never fail to keep in touch, it will create lasting relationships with your customers. You will be surprised to see or hear your customers ever contact you regarding their HVAC needs.

Conclusion

Working as a service provider is not just a matter of technical expertise. It is also the relationships you build with your customers that determine the success of your HVAC business. By applying the various pointers mentioned here, along with the right technologies and well-trained staff, your HVAC will succeed and grow as a business.


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Quick Audio Take: KPMG’s Emily Frolick on The Trusted Imperative https://ocupario.org/quick-audio-take-kpmgs-emily-frolick-on-the-trusted-imperative/ Wed, 22 Sep 2021 22:53:07 +0000 https://ocupario.org/quick-audio-take-kpmgs-emily-frolick-on-the-trusted-imperative/ Emily Frolick of KPMG on The Trust Imperative: A Dynamic Approach to Risk and Regulation in the Digital Age Building trust increases the value of the business and secures the trust of stakeholders. It also fosters growth and innovation, improves performance, and helps you manage change. To thrive in today’s complex business environments and keep […]]]>

Emily Frolick of KPMG on The Trust Imperative: A Dynamic Approach to Risk and Regulation in the Digital Age

Building trust increases the value of the business and secures the trust of stakeholders. It also fosters growth and innovation, improves performance, and helps you manage change. To thrive in today’s complex business environments and keep pace with the rapid transformation in the digital age, you need a dynamic approach to risk and regulation.

Download this podcast

Julie Devoll, HBR

Welcome to the HBR quick plug. I’m Julie Devoll, Special Projects and Webinar Writer at HBR. Today we are joined by Emily Frolick. Emily is KPMG’s U.S. Trusted Imperative Leader, helping clients take a new approach to risk in our digital age. Emily, thank you very much for being with us today.

Emily Frolick, KPMG

Hi Julie, happy to be with you.

Julie Devoll, HBR

Emily, let’s start by telling us what you mean by “the trust imperative” and why is it so important?

Emily Frolick, KPMG

This is so important because we see that trust can be the ultimate catalyst in business. Growth, performance, efficiency and innovation are all fueled by the trust people have in an organization. With the recent changes in market dynamics, now more than ever, companies must focus on building and maintaining their trusted status.

This means taking multiple stakeholders into account when approaching risk management. When we talk about these multiple stakeholders, we mean not only customers, investors and employees, but also suppliers, partners, regulators and even our communities.

When companies inspire confidence in all of their stakeholders, they create a platform for better business performance, including responsible growth, bold innovation, and lasting progress in performance and efficiency. We have found that stakeholder trust is a multiplier of benefits.

For example, automating a customer onboarding process can reduce costs and keep the regulator happy, but it can also transform the customer experience and increase market share. The integrity and ethics of a supply chain and the ability to deliver goods and services on a demand-driven basis can build or destroy a brand’s reputation.

Julie Devoll, HBR

Emily, tell us more about how the Trust Imperative works.

Emily Frolick, KPMG

Our Trust Imperative is designed to reframe the way businesses think about risk management. Rather than focusing narrowly on passive and more responsive compliance, we work with our clients to think about strategic and proactive ways to build trust and drive value across their business ecosystem.

We understand the disruptors that have radically changed – how and where stakeholders place their trust, be it global megatrends, such as the shift to hybrid and remote working, the continuous digitization of business processes and models, alliances and partnerships with third parties, responsible data collection and management, physical and operational disruption, or even changing regulatory and compliance landscapes.

Julie Devoll, HBR

What does the trusted organization look like?

Emily Frolick, KPMG

Research suggests that a trustworthy organization is one that demonstrates three key characteristics: capability, humanity, and integrity. Organizations that demonstrate situational capacity or competence have the collective knowledge, skills, and capabilities to reliably deliver their products and services.

For example, the retailer who has demonstrated mastery of a customer-centric supply chain is highly trusted by customers to deliver orders accurately and on time. Organizations that put humanity first go beyond profit alone to show that they care about stakeholders as well.

And not just the people involved in the transactions, but also the entire community where they do business. It’s no wonder that environmental, social and governance, or ESG, activities are becoming a major concern on boards of directors, as stakeholders want to work with companies that share their values.

For example, many consumers will only buy from companies that are committed to reducing their carbon emissions. And employees are likely to feel loyal to companies that accommodate their desire for flexible working arrangements. Organizations that value integrity are respected when they do the right thing.

For example, if a customer’s expectations are not being met, it is the companies that take responsibility and correct the situation, building on those principles we all know, like honesty, fairness, l ethics, communication and keeping promises.

Integrity also comes into play when organizations have to respond publicly to difficult issues. For example, some airlines have responded to COVID-19 by blocking the middle seats, clearly prioritizing passenger health over corporate profits. It may not be a coincidence that we are now seeing some of these airlines with high rankings in passenger satisfaction surveys.

At the highest level, these are the factors that create trust, and their implementation begins at the top of the house with strategy, culture, leadership and management.

Trusted organizations are those that ask, “Does our organization have a purpose that creates value for society?” Do employees at all levels share our beliefs, values ​​and behaviors that create trust? Do we have the right governance and the right organizational structures to make it happen? “

Julie Devoll, HBR

When I ask about digital transformation in this framework, as we know, there are many companies that are striving to transform to meet the demands of the market. So how do you think digital transformation relates to risk and trust?

Emily Frolick, KPMG

In the rapidly changing market we find ourselves in as a result of a global pandemic, digital transformation is no longer that distant aspiration. This is the new reality.

As businesses face pressures to grow while increasing agility, managing risk, and building resilience to whatever the future throws at them, risk management and regulatory functions are at the heart of this transformation. Whether you are digitizing just one part of the organization, connecting the business to your customers, or reviewing the entire business model, you need these functions to assess what could go wrong and determine how to mitigate it. so you can build stakeholder confidence at every turn.

Unfortunately, too often risk and regulation are afterthought. Compared to areas like front-office digital transformation, they’re sometimes seen as those stilted necessities that slow down business and have a real elusive return on investment.

However, we find that when you approach risk and regulation in a disciplined manner, through the eyes of all stakeholders, it doesn’t hold you back. It gives you the freedom to go fast. So you can confidently explore new markets and create new technologies and customer experiences because you have built confidence in your systems and processes.

And we know people want to work and do business with companies they trust. Sometimes that ROI, like I said, isn’t always that obvious, but it’s there, whether it’s avoiding fines because you’ve complied with a regulatory requirement, keep customers because you’ve protected their data; or attract and retain top talent because you’re a trusted organization.

Julie Devoll, HBR

What actions should leaders consider taking to help them with their own trust imperative?

Emily Frolick, KPMG

They need to think about how to build trust into systems, processes and products or services. Trust is built on acting consistently and predictably at important times, such as protecting data, delivering the right product on time you’ve promised, using ethical business practices, complying with regulations, and partnering with credible third parties.

However, even if you do and say the right things, failure at a critical moment can undermine the reputation of trust that you have worked so hard to earn. This is why it is important to integrate elements such as security, compliance and trust into all systems and transformation activities.

For example, do you analyze interconnected risks to identify potential vulnerabilities? Are you proactively monitoring market signals for your industry, anticipating changes in customer sentiment or regulations? Do you audit the risks related to your culture and the conduct of your employees? Are you automating your fraud and financial crime processes to improve accuracy, speed and trust as well as the customer experience?

Thinking about and planning for risks in these areas can help organizations thrive in uncertainty while being trustworthy and respected for the example they set.

Julie Devoll, HBR

Emily, thank you very much for being with us today. It has been a great discussion.

Emily Frolick, KPMG

It’s a pleasure to be with you, Julie. Thank you for.


If you would like to learn more about how KPMG helps its clients gain stakeholder trust, visit read.kpmg.us/trust.


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Greta Thunberg and the ethics of sacrifice in activism – The Daily Free Press https://ocupario.org/greta-thunberg-and-the-ethics-of-sacrifice-in-activism-the-daily-free-press/ Tue, 21 Sep 2021 03:37:44 +0000 https://ocupario.org/greta-thunberg-and-the-ethics-of-sacrifice-in-activism-the-daily-free-press/ A recent survey of 2,000 UK parents in 2021 found that two-thirds of parents want their children to follow in the footsteps of climate change activist Greta Thunberg and become ‘eco-warriors’. On August 20, 2018, Thunberg, 16, created a moment of notoriety when she skipped school to sit outside the Swedish Parliament with a sign […]]]>

A recent survey of 2,000 UK parents in 2021 found that two-thirds of parents want their children to follow in the footsteps of climate change activist Greta Thunberg and become ‘eco-warriors’.

On August 20, 2018, Thunberg, 16, created a moment of notoriety when she skipped school to sit outside the Swedish Parliament with a sign that read “Skolstrejk för Klimatet “, translated into English as” School Strike for Climate “.

Yvonne Tang / DFP Staff

Thunberg sat down in protest throughout the school day, from 8:30 a.m. to 3 p.m. Thunberg was sending a message: The climate crisis is such a dire emergency that she has to sacrifice her education to deal with it.

What good is education if the world is on fire? From that day forward, Thunberg continued to skip school to protest the government’s inaction, but she was never alone again. People saw her on Twitter and joined the movement.

Today, she heads a student-run organization called Fridays for Future. The premise of this organization is sacrifice in return for militant progress – sacrifice to send a message. Thunberg and thousands of other students will “skip school” on Friday in protest against climate change.

Is Thunberg’s life ambitious? Should we follow in his footsteps?

The sacrifice in activism is not a one-size-fits-all idea. Gandhi starved himself to protest the oppression of India’s poorest classes. Blacks living in Montgomery walked eight miles to work and back instead of taking the bus to protest segregation in the 1950s. In 2020, WNBA star Maya Moore put her career on hold to protest against segregation the imprisonment of an innocent man. It’s not a one-size-fits-all idea, but is it the right one? What do we say about human society that we have to sacrifice our necessities for others to listen to us?

The sacrifice in activism plays on the heartstrings of humanity. It begs others to empathize and change their habits accordingly. Yet the sacrifice in activism means that people who seek to create positive change must suffer to do so. It doesn’t suit me that this is the way change is achieved in our society. When I look at Thunberg’s progress as a climate change activist, I admire her – and I suffer for her. I guess that’s the point.

The key to Thunberg’s climate change activism is not that she sacrificed her education to send a message, but rather that she felt like she had no other choice, and she was incredibly angry about it. In her 2019 speech to the United Nations, she accused the audience:

“How dare you? You stole my dreams and my childhood with your empty words.

In that address, Thunberg hinted that she had no choice but to participate in activism, thereby sacrificing her “dreams and childhood.” The “empty words” here refer to the empty promises of the United Nations to fight against climate change.

She communicates that it is the fault of world leaders and previous generations that climate change is an unstoppable force. She expresses her frustration at even being at the UN, telling them about climate change, and emphasizes the fact that she “shouldn’t be here”.

Thunberg’s sacrifice is inspiring in his bravery but tragic in its necessity. The drama resides here when a child had to put aside her education to tackle climate change.

No child should have to support such a weight. Instead of just applauding Thunberg, we should analyze the conditions that shaped his activism.


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Ethics proposals relate to unpaid fees, standards implementation services https://ocupario.org/ethics-proposals-relate-to-unpaid-fees-standards-implementation-services/ Mon, 20 Sep 2021 16:01:19 +0000 https://ocupario.org/ethics-proposals-relate-to-unpaid-fees-standards-implementation-services/ The AICPA Professional Ethics Executive Committee (PEEC) released two exposure drafts on Monday on the issues of unpaid fees and accounting standards implementation services for attestation clients. Comments on both proposals are requested by December 20 and can be sent to Ethics-ExposureDraft@aicpa.org. PEEC seeks to modify the interpretation of “unpaid fees” (ET §1.230.010) in the […]]]>

The AICPA Professional Ethics Executive Committee (PEEC) released two exposure drafts on Monday on the issues of unpaid fees and accounting standards implementation services for attestation clients.

Comments on both proposals are requested by December 20 and can be sent to Ethics-ExposureDraft@aicpa.org.

PEEC seeks to modify the interpretation of “unpaid fees” (ET §1.230.010) in the AICPA Code of Business Conduct develop a principled framework for members to determine when unpaid dues compromise independence. The PEEC is examining whether the current one-year approach remains appropriate, especially given the disruption customers and businesses have faced in the wake of the coronavirus pandemic.

PEEC also seeks to converge its standards with those of the SEC and the International Ethics Standards Board for Accountants. The revisions proposed by the PEEC:

  • Remove the reference to a threat of plea as it does not apply to unpaid fees.
  • Provide a principled framework for assessing when unpaid fees may affect independence.
  • Provide factors to consider in assessing whether threats to independence are at an acceptable level within the principled framework.
  • Give examples of guarantees that would eliminate the threat to independence or reduce it to an acceptable level. If safeguards cannot be applied to reduce threats to an acceptable level, the member would be required to end the engagement until threats can be reduced to that level.

The proposed factors to be used in determining the threat level would be as follows:

  • The importance of the costs for the covered member;
  • How long have the fees been unpaid;
  • The likelihood that the fees will be paid; and
  • The potential effects the situation would have on the auditor’s objectivity and the appearance of their ability to maintain their independence.

Under the proposal, threats would be considered at an acceptable level when the unpaid charges are clearly insignificant and relate to services provided less than one year prior to the date of the current attestation report.

If any of these criteria is not met, the threats may not be at an acceptable level and the member may need to implement safeguards to continue the engagement. When neither of these criteria is met, the threats are considered significant and the member will need to apply protective measures that reduce the threats to an acceptable level to continue the engagement.

The proposed interpretation provides examples of possible guarantees that can be used.

Accounting standards implementation services

The Accounting Standards Implementation Services proposal was released as clients face a number of difficult projects to implement the new standards issued by the FASB.

Clients who do not have the expertise to implement a new standard on their own often turn to their CPA for help, but independence requirements limit the work CPAs can do on a job. such implementation for attestation customers.

Specific guidelines already exist for practitioners in this area, but PEEC concluded that a new interpretation that combines key elements of existing guidelines on services other than attestation would improve understanding and compliance with the requirements of ‘independence.

The proposed interpretation would indicate that the key elements that practitioners should keep in mind in relation to this issue are:

  • Do not exercise any management responsibility; and
  • Make sure that the attestation client person who oversees your service is able to oversee the service and able to make all important judgments and decisions.

This person should be able to assess and accept responsibility for the results of the practitioner’s service.

For more information on ethics, including new proposals, interpretations and standards, visit the AICPA website Let’s talk about ethics Podcast, which launches a new series on exposure drafts called ED on the go.

Also visit the JofA podcast episode dedicated to the two new EDs.

Ken tysiac (Kenneth.Tysiac@aicpa-cima.com) is the JofAeditorial director of.


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Learn New Tricks: FASEA Improves Part of the Journey https://ocupario.org/learn-new-tricks-fasea-improves-part-of-the-journey/ Mon, 20 Sep 2021 02:12:37 +0000 https://ocupario.org/learn-new-tricks-fasea-improves-part-of-the-journey/ Tony Gillett of Retirewell The code of ethics for financial advisers is not intended to catch bad players and add layers of new conditions, said June Smith, deputy chief ombudsman for the Australian Financial Complaints Authority (AFCA). “I don’t see ethics that way at all,” Smith says in episode 3 of Professional planner Ethics for […]]]>

Tony Gillett of Retirewell

The code of ethics for financial advisers is not intended to catch bad players and add layers of new conditions, said June Smith, deputy chief ombudsman for the Australian Financial Complaints Authority (AFCA).

“I don’t see ethics that way at all,” Smith says in episode 3 of Professional planner Ethics for advisors Podcast.

“We’re in the business of human relations, human relations, so how this profession and each counselor will engage and relate to people when they are dealing with their issues is crucial.

“At some level, the new professional standards currently being implemented were designed to raise standards and clarify, but if this is our only frame of reference, we might be missing out on a real opportunity. “

Smith says there are three sets of values ​​that drive planners to make good decisions – moral worth, corporate values, and the corporate culture of the organization in which they work.

She says financial planners play a positive and essential role in providing much needed services to Australians and that these new principles, accepted by all members of the profession, are enhancing the reputation of the industry.

Retirewell’s director of financial planning Tony Gillett, a 23-year industry veteran, says financial planners are in the hardest part of the journey to professionalism.

“We all have to take the Financial Adviser Standards and Ethics Authority (FASEA) exam and the way the process was approached has been a bit rough, especially for older members of our emerging profession,” said Gillett. .

“My big concern is that there won’t be enough trained, good and experienced people to mentor. “

He says that the introduction of the FASEA code of ethics was “the best thing that has happened to this industry.”

“The Financial Planners Association did a really good job in the 90s and established the first code of ethics, but unfortunately not everyone was a member of this body,” he says. “Now we have a code that applies to everyone and that is at the heart of everything we do and how we act as financial planners.

“Taking the exam got everyone involved and studying a lot more and realizing that this is a very essential step along the way. “

Gillett says the review and the new code forced him to think about the moral and ethical issues all planners face.

“I was skeptical, but now I think you can train a person to give advice in an ethical framework,” he says. “You can teach an old dog new tricks and I think we have to.

“I believe that all of the authoritative compliance obligations that we are forced to meet… are part of the journey.

Gillett says bringing industry closer to a profession will help if the Australian Law Reform Commission recommends removing Chapter Seven from the Companies Act and everyone working towards higher education degrees.

“When we get to the point that everyone has a degree or the equivalent, then we’ll be a recognized profession,” he says, adding that there are “three to five years” left in the industry.

“When we get to this point and are recognized as professionals, much of this excessive compliance will disappear or be reduced. “

Smith says the number of complaints against financial planners coming to AFCA was decreasing and mistakes were made, but no one was able to reduce the complaints to zero.

“Most of the time at AFCA, what we really see are issues related to the culture of the licensee. These are business models and one size fits all, ”says Smith.

The FASEA code talks about the context of the business for which advisors work and a culture that will serve clients first. Smith says there are changes in the industry’s intergenerational approaches and the way advisors do business.

“If you put a good person in a good company culture, you will get good results,” she says.

The opposite is a person who cannot reason through an ethical dilemma in the wrong culture.

“Even people with good moral compasses experience moral hazard and the values ​​simply don’t match or may be tricked into doing the wrong things,” Smith explains. “The factors that will influence this are the culture, the ethical leadership within this organization. “

Value-based businesses actually make money, she explained, and that’s not a trade-off between profit and good.

“It’s about leveraging a customer’s value proposition anchored in the value of customer service first and generating profits that way. “


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Virat Kohli to step down as RCB captain after IPL 2021 https://ocupario.org/virat-kohli-to-step-down-as-rcb-captain-after-ipl-2021/ Sun, 19 Sep 2021 18:56:10 +0000 https://ocupario.org/virat-kohli-to-step-down-as-rcb-captain-after-ipl-2021/ Just days after announcing that he would be stepping down as T20 skipper of the Indian team after the T20 World Cup, Virat Kohli announced that he would be stepping down as captain of the Royal Challengers Bangalore after this edition of the Premier League. Indian. The 32-year-old, however, has stressed that he will continue […]]]>

Just days after announcing that he would be stepping down as T20 skipper of the Indian team after the T20 World Cup, Virat Kohli announced that he would be stepping down as captain of the Royal Challengers Bangalore after this edition of the Premier League. Indian.

The 32-year-old, however, has stressed that he will continue to be with the Bengaluru franchise as long as he plays in the IPL.

Kohli, who has been with the Royal Challengers since the first edition in 2008 and as a full-time captain since 2013, cited workload management as the reason for his decision. “I spoke to the team tonight. Before the start of the second stage of the tournament, (I want to) inform everyone that this will be my last stage in the IPL as captain of the RCB. I spoke to management tonight, something that has been going on in my head for a while, ”said a cheerful-looking Kohli in a video posted by the franchise on social media that immediately went viral.

“As I recently announced that I am also stepping down from the T20 captain position to manage my workload which has been immense over the past few years. I want to engage in the responsibilities that I am taking on and felt I needed space to cool off, regroup and be absolutely clear on how I want to move forward and also under- estimate that RCB will go through a big transition phase with the big auction coming next year.

Kohli, who racked up 6,076 races in 199 IPL games with five centuries and 40 half-centuries, however said he would remain committed to the franchise. “I made it clear to management that I couldn’t think of being in any team other than RCB and that was my commitment from day one. I will continue to be an RCB player until I play my last game in the IPL. But, it was a great nine-year journey of joy, frustration, moments of happiness and sadness.

“And I just want to thank you all from the bottom of my heart for supporting me and believing in me relentlessly and unconditionally. And I will continue to commit to playing for this franchise until the last day I play IPL, for you, the fans, because of what you’ve done and how you’ve made me feel over the years. last years. This will stay with me for the rest of my life. Thank you so much. This is only a small stopover, not the end of the trip. The journey will and will continue as it has for so many years, ”concluded Kohli, 32.

RCB President Prathmesh Mishra thanked Kohli, the franchise’s most successful player, for his immense contribution. “Virat Kohli is one of the best cricketers and has been a real asset to RCB. His impeccable work ethic and leadership skills have been phenomenal. We respect and support this decision and would like to thank Virat for his incredible contribution to the RCB management group. He has left an indelible mark on the franchise and will continue to be a senior member of the team. “

While Kohli led the Indian test team to unprecedented success, thanks in large part to a world-class bowling attack, he struggled to replicate the same with RCB. Although he personally made many outstanding shots, the lack of batting depth in the team and an ordinary bowling offense saw the franchise struggling constantly. A runner-up position in 2016 is the best they can achieve under him.

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ETHICS AT ALBANY IS BANKRUPTCY https://ocupario.org/ethics-at-albany-is-bankruptcy/ Sat, 18 Sep 2021 11:35:12 +0000 https://ocupario.org/ethics-at-albany-is-bankruptcy/ THE ASSEMBLER WILL BARCLAY Ethics oversight in Albany has been suspended for decades and former Governor Andrew Cuomo is one of the main reasons the problem has worsened in recent years. In 2011, the former governor created the Joint Commission on Public Ethics (JCOPE) to restore public confidence in government and increase oversight of state […]]]>

THE ASSEMBLER WILL BARCLAY

Ethics oversight in Albany has been suspended for decades and former Governor Andrew Cuomo is one of the main reasons the problem has worsened in recent years. In 2011, the former governor created the Joint Commission on Public Ethics (JCOPE) to restore public confidence in government and increase oversight of state ethics laws.

But over the past 10 years, JCOPE has done nothing to instill confidence. The composition of the Commission is so strongly tilted towards the governor’s advantage (six of its 14 commissioners were appointed by Cuomo), that on many occasions the ethics panel appeared to be auctioning off Cuomo, rather than act as a real monitoring panel. As early as 2013, Assembly Republicans had proposed legislation to replace JCOPE with an independent ethics watchdog.

However, with Cuomo’s resignation amid multiple scandals, an opportunity has finally presented itself to get it right. Sadly, when Governor Kathy Hochul had the chance to initiate positive change at the struggling ethics agency, she missed the mark terribly.

Earlier this week, Governor Hochul chose James Dering, a former Cuomo member, to serve as JCOPE’s interim president. His decision to rename Dering was particularly curious as he abruptly resigned just weeks ago from the oft-maligned “ethics watchdog”. Plus, Hochul barely had time to check his references. In fact, when she insisted on her decision, she admitted that a “proper check-up” would be done at the next appointment.
As if doubling down on a former Cuomo Ethics Commissioner wasn’t bad enough, DURING the next JCOPE meeting, Governor Hochul’s two new appointments (Dering and former Suffolk County Administrative Judge Randall Hinrichs) voted for allow Andrew Cuomo to keep the $ 5.1. million dollars he made from his book COVID, the editorial staff of which was investigated for misuse of state resources.

At a time when public confidence in his government has been repeatedly tested by a governor’s office that lacked integrity, Governor Hochul had to do better. JCOPE has a responsibility to protect the public interest and to eradicate corrupt behavior. That was never his priority under the former governor, and this week’s actions point more to the status quo rather than a necessary commitment to change.

New Yorkers deserve a fair, transparent, and accountable government, and installing an independent ethics commission that is in fact free from executive influence is certainly one way to ensure these characteristics. But that doesn’t work if officials don’t make a concerted effort to ensure independence and objectivity.

If you have any questions or comments on this or any other condition issue, or if you would like to be added to my mailing list or receive my newsletter, please contact my office. My office can be reached by mail at 19 Canalview Mall, Fulton, NY 13069 and by email at barclayw@nyassembly.gov. You can also find me, Will Barclay, Assembly Minority Leader, on Facebook or on Twitter at @WillABarclay.


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Florida judge reaches deal in ethics case over failed job https://ocupario.org/florida-judge-reaches-deal-in-ethics-case-over-failed-job/ Fri, 17 Sep 2021 21:00:00 +0000 https://ocupario.org/florida-judge-reaches-deal-in-ethics-case-over-failed-job/ By Nathan Hale (September 17, 2021, 5:00 p.m. EDT) – Florida judge facing ethics complaint for allegedly abandoning work has agreed to admit violating two court canons and receive 10-day suspension without pay , said a public reprimand and fined $ 37,500. The agreement between Palm Beach County Judge Marni A. Bryson and the State […]]]>
By Nathan Hale (September 17, 2021, 5:00 p.m. EDT) – Florida judge facing ethics complaint for allegedly abandoning work has agreed to admit violating two court canons and receive 10-day suspension without pay , said a public reprimand and fined $ 37,500.

The agreement between Palm Beach County Judge Marni A. Bryson and the State Judicial Qualifications Commission, a 15-member body responsible for overseeing the state’s justice system, filed a joint stipulation on Friday detailing the deal to the Florida Supreme Court, which will have final approval.

According to the record, Judge Bryson admitted that during the period 2016 to 2019, her attendance in court did not meet the expectations of …

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Principal rejects Ashburton adviser’s remarks on ‘authorized youth’ https://ocupario.org/principal-rejects-ashburton-advisers-remarks-on-authorized-youth/ Fri, 17 Sep 2021 04:46:00 +0000 https://ocupario.org/principal-rejects-ashburton-advisers-remarks-on-authorized-youth/ Screenshot Wednesday’s Ashburton District Council meeting was again held on Zoom. The principal of Mid-Canterbury’s largest secondary school dismissed controversial comments from an Ashburton councilor who suggested the district’s youth had acquired a “right.” The principal of Ashburton College, Ross Preece, championed the attitudes and work ethic of the district’s youth and suggested that the […]]]>
Wednesday's Ashburton District Council meeting was again held on Zoom.

Screenshot

Wednesday’s Ashburton District Council meeting was again held on Zoom.

The principal of Mid-Canterbury’s largest secondary school dismissed controversial comments from an Ashburton councilor who suggested the district’s youth had acquired a “right.”

The principal of Ashburton College, Ross Preece, championed the attitudes and work ethic of the district’s youth and suggested that the rural sector had become an unappealing prospect for them in a “competitive recruiting market”.

Some elected members of the Ashburton District Council have withstood criticism after Councilor Lynette Lovett described many young people as “entitled” and lacking in stamina once they get jobs.

His comments followed the council’s report on the local economy, which noted that around 1,100 people aged 16 to 24 were “disengaged from employment, education and training,” despite many jobs. vacancies reported throughout the district.

READ MORE:
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The report said the number of people receiving unemployment benefits in Mid-Canterbury rose 33.8% in the last quarter.

Preece took issue with Councilor Lovett’s remarks, pointing to the number of high school students employed in supermarkets and fast food outlets.

“These companies survive because of the student workforce and our hard-working students, so I don’t think the work ethic is necessarily lacking.”

He said several factors were compounding the problem, including the lack of public transportation in the district.

TOM LEE / STUFF

Brook Nettleton, at Bluegrass Contracting, is hosting an open house to find new drivers for the summer harvest season. (First published August 2020)

“A lot of 16 and 17 year olds don’t have a license, which allows them to hunt for work.”

Discussions had already taken place between the secondary school and rural groups regarding the recruitment of students on farms.

Preece said jobs in the agricultural sector, compared to apprenticeships in the trades, no longer had the same appeal to young people.

“Young people started working on farms two generations ago and maybe their goal was to buy a farm.

“Now, with farms costing in the millions and farms increasingly corporatized or handed down by family members, if you are a youngster who wants to buy a farm, the reality is that is not going to happen. “

Ashburton College principal Ross Preece, pictured in 2012, says work ethic is not a major issue for young people in the district.

Bruce Mercer / Stuff

Ashburton College principal Ross Preece, pictured in 2012, says work ethic is not a major issue for young people in the district.

Ashburton Deputy Mayor Liz McMillan politely distanced himself from the controversial views of his elected colleagues.

“I have a 16-year-old and a 14-year-old, and they both have jobs and they work hard,” she said.

Comments at the same meeting Wednesday by fellow city councilor Rodger Letham – who said “parenthood and education” was the problem, and that it was not a local government matter – added to the controversy .

McMillan, anxious not to escalate the issue further, explained that it was difficult to debate vigorously during a “very long” Zoom council meeting.

“We all have to find the button to raise our hand and once we raise our hand we have to wait our turn.”

Ashburton District Deputy Mayor Liz McMillan says she knows a lot of hard-working young people.

Adam Burns / LDR

Ashburton District Deputy Mayor Liz McMillan says she knows a lot of hard-working young people.

McMillan said it was up to the council to turn the unemployment issue into a positive.

“We get the numbers and the numbers, but you don’t know why this is happening. “

She recognized programs such as My Next Move, which emphasized driving licenses as a way to help students transition from high school to employment.

The council’s economic development team was in discussions with the Department of Social Development on this matter.

Discussions revealed barriers including drug and alcohol issues, mental health, motivation and lack of skills.


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