Please help. Thanks 1. Explain how employers put themselves at potential risk wi

Question

Please help. Thanks

1. Explain how employers put themselves at potential risk with reporting on issues that lead to financial risks. Offer at least two ways they can avoid or mitigate this type of risk?

2. When determining the financial implications of an HRIS, there can be tangible and intangible costs. Identify at least one tangible cost associated with implementing a new HRIS? and discuss the impact it will have on the HRIS implementation?. What might be an intangible cost associated with not implementing an HRIS?

Explanation / Answer

Reporting on issues that lead to financial risks is needed to adhere to compliance regulations under the Sarbanes-Oxley Act.

Reporting issues that can lead to financial risks, employers undertake the cost of gathering the reporting data, analysis and reporting. Alongside this, they face the following risks:

To avoid or mitigate these risks, the following two ways can be adopted:

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