Using this article

Chosen Article: Panasonic Charged With FCPA and Accounting Fraud Violations

Organize your paper in the 3 parts below, using the given subheadings. Do not use Q&A format. Do not restate the question in your paper.

Part 1: Recent Compliance Problem and Enforcement Action

Using your selected article about an alleged legal/ethical compliance breach, answer the following questions (using A,B,C,D,E formatting). If the article does not address the question, state that the article did not address this point.

Identify the industry in which the compliance problem occurred or was alleged to have occurred.

What is the non-compliant behavior? When did happen? What laws or regulations were allegedly not followed?

When did the regulatory agency and/or court take action on this behavior?

What penalties and punishments resulted from this behavior?

What steps will be taken by the company to prevent the behavior from happening in the future?

Part 2: Student's Opinion About the Recent Compliance Problem and Enforcement Action

This section is your opinion about the activities your article describes. What do you think about what happened, the company's behavior, the government's interventions, the impact on the industry and consumers and the public in general?

Part 3: Student's Opinion About Compliance

Think about the information you have read in the compliance websites and about the compliance breach and enforcement action in your article, then answer the following questions (using A,B,C,D,E formatting). Do not use Q&A format. Do not restate the question in your paper.

Prior to this assignment, did you know the term GRC? After reading the websites listed in this assignment, what is your understanding of GRC today? Did your understanding change? How would you explain the term GRC and the role of compliance to your management team who are unaware of these terms? Does compliance impact all business functions, and if so, how?

Prior to this assignment, were you aware that compliance is becoming its own industry? Why do you think compliance is becoming a discrete industry?

What were some of the jobs from the jobs websites you visited? What were the salaries? Do you think a job like one of the listed jobs might be in your future after graduation? Why or why not? Why do you think compliance jobs pay high salaries?

Assume you take a job after graduation that DOES NOT have ‘compliance' in the job title. Do you think you will be required to perform compliance activities in that job? Stated another way, who do you think is responsible for compliance? Everyone in the company, or only those persons trained and certified in compliance?

What role to you see for compliance functions in the next 5 to 10 years in the U.S. legal environment of business?

STEP 5. REPORT DOCUMENT REQUIREMENTS: CONTENT & FORMAT

The report should be written and submitted in a manner consistent with the following specifications:

Use Complete Sentences and Correct Writing Mechanics

Use complete sentences, though listing of specific duties, requirements, or laws in bullet form is permitted. T.

Report Content & Format

The body of your report must be a minimum of 3-4 single-spaced pages (12 point Times Roman font, 1 inch margins for all margins). You may exceed the minimum length if needed. You may reference websites within your text (as opposed to creating a Works Cited page at the end).

Title Page

The Report's title page is separate from the body of the report and does not count in the minimum page count. It must contain the following information in the following format:

Student Name:

Course Name and CRN:

Report Submission Date:

Format the body of the report with these subheadings and content:

Part 1: Recent Compliance Problem and Enforcement Action

Refer to the questions listed in Step 4 Part 1. Answer each question. If your article does not address an item, say so. Do not do additional research. Use the required formatting. Do not repeat the question then provide the answer (as in Q and A format). Rather, use the letter designation, then answer the questions in narrative form.

Part 2: My Opinions of the Recent Problem and Enforcement Action

This section is your opinion. You should base your opinion on what you have learned about the industry and company under scrutiny, the relevant laws and regulations mentioned in your article, the alleged non-compliant behavior, the resulting injuries/harm. What would be happening in this company or industry without these laws and regulations? This section is for your thoughts and opinions.

Part 3: My Opinions of the Role of Compliance in Business

Refer to the questions listed in Step 4 Part 3. Answer each question. Use the required formatting. Do not repeat the question (as in Q and A format). Rather, use the letter designation, then answer the questions in narrative form.