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Corporate Compliance Report
MBA/560 Enterprise Risk
Jay Miller
December 8, 2007
For the past two years I have worked for the Georgia Pacific Company. Georgia Pacific is the world’s largest commercial paper/fine paper/corrugated box maker with locations all over the globe. North American operations are head quartered in Atlanta, Georgia with major operations in Camas, Washington, Green Bay, Wisconsin, Muskogee, Oklahoma and Savannah, Georgia. I am employed on the Commercial side of the business, selling disposable paper products to the janitorial industry. We are the largest manufacturer of paper towel, and bath tissue products in the United States.
Georgia Pacific has followed and abided by the recommendations and policies of the Committee of Sponsoring Organizations of the Treadway Commission (COSO) since its inception, but not without hesitation. This paper will describe the relationship between COSO and Georgia Pacific from the start, through the reporting years, and into privatization happening just two years ago. Since Georgia Pacific already reports to COSO, this paper will demonstrate the risk mitigation that has happened, analyze the effects on the company since following COSO recommendations, and identify any change in internal controls since COSO reporting started.
Georgia Pacific has had a long history with the Committee of Sponsoring Organizations of the Treadway Commission. (COSO) COSO was formed in 1985 to identify the factors that cause fraudulent financial reporting and to make recommendations to reduce its incidence. (www.coso.org) Since the formation of t ...