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Ethics and Compliance: Amazon.Com

In: Business and Management

Submitted By suestone2
Words 1409
Pages 6
Ethics and Compliance: Amazon.com

FIN/370
May 31, 2013
John Wetherington

Ethics and Compliance: Amazon.com To assess the role of ethics and compliance in Amazon’s financial environment we examine the procedures that ensure ethical behavior and that business is conducted following ethical standards. Compliance with SEC regulations and the last two years overall financial performance of Amazon will be examined and discussed. .

Assess the role of ethics and compliance in your organization’s financial environment. Amazon.com employees, from the Board of directors to the newest employee agree to follow the Code of conduct. All employees agree to act lawfully, ethically and, in the best interest of Amazon.com. They maintain all financial statements, books, records and accounts in appropriate detail. They must properly reflect the company’s transactions while conforming to both applicable law and the organizations system of internal controls. The Company's financial, accounting and legal groups are responsible for procedures designed to ensure proper internal and disclosure controls, and all employees should cooperate with these procedures. Amazon.com in their message to shareholders states that one of the company’s main focuses will be to “make bold investment decisions in light of long-term leadership considerations rather than short term profitability considerations or short term Wall Street reaction.” They have made cash flow a priority over the appearance of their GAAP accounting. Measurement of investments is another priority, and those programs that do not provide acceptable returns will be adjusted and they will step up investments in areas where profitability is best. The board of directors agrees to share the strategic thought processes with the shareholders so they can evaluate for themselves if bold choices are rational long-term investments…...

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