Aroma Accountng Scandal by https://padlet.com/sschin6055/1s557mushky7afc9 en-us 2020-10-05 04:49:16 UTC 2026-01-21 20:43:37 UTC hello@padlet.com Aroma Accounting Scandal sschin6055 https://padlet.com/sschin6055/1s557mushky7afc9/wish/801972865 2020-10-05 05:44:07 UTC https://padlet.com/sschin6055/1s557mushky7afc9/wish/801972865 Weaknesses of corporate governance sschin6055 https://padlet.com/sschin6055/1s557mushky7afc9/wish/801993684 1.       The boards are lack of independent and diversity
-  The board members failed to review and approve Aroma's financial statement and financial reporting. 
 
2.       The company do not have constructive engagement with stakeholder example, suppliers
 
3.       The corporate reporting is lack of integrity
]]> 2020-10-05 05:55:30 UTC https://padlet.com/sschin6055/1s557mushky7afc9/wish/801993684 Recommendation / Action sschin6055 https://padlet.com/sschin6055/1s557mushky7afc9/wish/801994301 1.   Appoint competent board members such as who have the skills and retail industry to assist the board.

2. The board of directors should monitor the organizations performance 

3.  Have an effective board of director to meet regularly to get the timely information so that can report to the stakeholders

4. Have good planning in payment to suppliers so that can repay it on time 
]]> 2020-10-05 05:55:54 UTC https://padlet.com/sschin6055/1s557mushky7afc9/wish/801994301 Suggestion to rebuild the reputation after the business have accounting scandal sschin6055 https://padlet.com/sschin6055/1s557mushky7afc9/wish/813011118 1. Hiring the expert
-  like lawyers and accounts who have knowledge regarding these cases. They must have some experience in handling such cases. 

2. Having investigation procedure
- . The persons that are working with the business from long times will help in knowing that whether business follows the rules and regulations of law authorities or not. 

3. Documentation
- it can addressing the issues like how those problem arise, may be due to the ineffective role of board of directors and the record the accrual profit earlier and delay accrual expenses

4. Follow and control further changes
- There may be need to change the policies and internal control system which would be helpful in strengthening the business.]]> 2020-10-08 07:47:38 UTC https://padlet.com/sschin6055/1s557mushky7afc9/wish/813011118 Main Stakeholders sschin6055 https://padlet.com/sschin6055/1s557mushky7afc9/wish/819244790 -  Shareholders
-  Board of directors 
- Suppliers]]> 2020-10-11 06:16:07 UTC https://padlet.com/sschin6055/1s557mushky7afc9/wish/819244790