The Sarbanes Oxley Act Of 2002 - 1015 Words

The Sarbanes-Oxley Act of 2002, also known as the SOX Act, is enacted on July 30, 2002 by Congress as a result of some major accounting frauds such as Enron and WorldCom. The main objective of this act is to recover the investors’ trust in the stock market, and to prevent and detect corporate accounting fraud. I will discuss the background of Sarbanes-Oxley Act, and why it became necessary in the first section of this paper. The second section will be the act’s regulations for the management, external auditors, and companies, mainly publicly-traded companies, and the cost and benefits of the act. The last section will be the discussion of the quality of financial reporting since SOX and the effectiveness of SOX provisions to prevent another financial statements fraud, such as Enron and WorldCom from occurring in the future. Before SOX was established, the public trusted and depend the auditors wholly for the publicly-traded companies to accurately complete audits of the companies’ financial statements which they relied upon in making investment decisions. The accounting and auditing industry was self-regulated (Cunningham Harris, 2006). Company managers had little accountability when accounting and auditing problems arose. Everything was changed after there were many high-profile cases of accounting fraud, particularly the scandals of Enron and WorldCom in the early 2000s. Each of these frauds caused massive losses to investors of the companies and the public lostShow MoreRelatedSarbanes-Oxley Act of 2002985 Words   |  4 Pages Sarbanes-Oxley Act of 2002 Week # 2 Individual Assignment â€Æ' Sox Key Main Aspects for a Regulatory Environment Sarbanes-Oxley Act was passed in 2002 by former president George Bush. Essentially to combat the Enron crisis. The Sox Act basically has regulatory control and creates an enviroment that is looking out for the public. Ideally this regulatory environment protects the public from fraud within corporations. Understanding, that while having this regulatoryRead MoreThe Sarbanes Oxley Act Of 20021614 Words   |  7 PagesThe Sarbanes-Oxley Act of 2002 (SOX) was enacted to bring back public trust in markets. Building trust requires ethics within organizations. Through codes of ethics, organizations are put in line to conduct themselves in a manner that promotes public trust. Through defining a code of ethics, organizations can follow, market becomes fair for investors to have confidence in the integrity of the disclosures and financial reports given to them. The code of ethics include â€Å"the promotion of honest andRead MoreThe Sarbanes Oxley Act Of 2002 Essay1605 Words   |  7 Pages well-known acts have been signed into laws by the presidents at the time to protect investors and consumers alike. A brief overview of the Sarbanes-Oxley Act of 2002, a discussion of some of the provisions therein, opinions of others regarding the act and also my personal and professional opinion will be discussed below. The same will be examined about the Dodd-Frank Wall Street Reform and Consumer Protection Act. Senators Paul Sarbanes and Michael Oxley were the sponsors of the Sarbanes-Oxley Act of 2002Read MoreThe Sarbanes Oxley Act Of 20021563 Words   |  7 PagesThe Sarbanes-Oxley Act of 2002 (SOX) was enacted to bring back public trust in markets. Building trust requires ethics within organizations. Through codes of ethics, organizations conduct themselves in a manner that promotes public trust. Through defining a code of ethics, organizations can follow, the market becomes fair for investors to have confidence in the integrity of the disclosures and financial reports given to them. The code of ethics includes the promotion of honest and ethical conductRead MoreThe Sarbanes Oxley Act Of 2002 Essay1070 Words   |  5 Pagesof Sarbanes-Oxley Act of 2002. This Act was placed into law to protect the consumer against fraudulent activity by organizations. This paper will provide a brief history of the law and discuss some of the ethical components and social implications on corporations. This research will provide information on how the Sarbanes-Oxley Act affects smaller organizations and how it encourages employees to inform of wrong doings. Brief Synopsis of Sarbanes-Oxley The U.S. Congress passed the Sarbanes-OxleyRead MoreThe Sarbanes Oxley Act Of 20022137 Words   |  9 Pagesdishonest act that remained common amongst companies such as Enron, WorldCom, and Tyco was the fabrication of financial statements. These companies were reporting false information on their financial statements so that it would appear that the companies were making profits. However, those companies were actually losing money instead. Because of these companies’ actions, the call to have American businesses to be regulated under new rules served as a very important need. In 2002, Paul Sarbanes from theRead MoreThe Sarbanes Oxley Act Of 20021525 Words   |  7 Pagesthe Sarbanes-Oxley Act of 2002 (Cheeseman, 2013). Congress ordered the Sarbanes-Oxley Act of 2002 (SOX Act) to shield customers from the fraudulent exercises of significant partnerships. This paper will give a brief history of the SOX Act, portray how it will shield general society from fraud inside of partne rships, and give a presumption to the viability of the capacity of the demonstration to shield purchasers from future frauds. History of the SOX Act Congress established the Sarbanes-Oxley ActRead MoreSarbanes Oxley Act of 20021322 Words   |  6 Pagesï » ¿Sarbanes-Oxley Act of 2002 Descriptions of the main aspects of the regulatory environment which will protect the public from fraud within corporations are going to be provided in this paper. A special attention to the Sarbanes – Oxley Act of 2002 (SOX) requirement; along with an evaluation of whether Sarbanes-Oxley Act will be effective in avoiding future frauds based on their implemented rules and regulations. The main aspects of the regulatory environment are based on the different laws and regulationsRead MoreThe Sarbanes Oxley Act Of 2002 Essay1302 Words   |  6 PagesThe Sarbanes-Oxley Act of 2002 was the result of a number of large financial scandals in the United States in the late 1990s and early 2000s. One of the most well-known corporate accounting scandals was the Enron scandal, which was exposed in 2001. Enron, an energy company that was considered one of the most financially sound corporations in the United States before the scandal, produced false earnings reports to shareholders and kept large debts off the accounting books (Peavler, 2016). Enron executivesRead MoreThe Sarbanes-Oxley Act of 20024779 Words   |  20 PagesThe Sarbanes-Oxley Act of 2002Introduction2001-2002 was marked by the Arthur Andersen accounting scandal and the collapse of Enron and WorldCom. Corporate reforms were demanded by the government, the investors and the American public to prevent similar fut ure occurrences. Viewed to be largely a result of failed or poor governance, insufficient disclosure practices, and a lack of satisfactory internal controls, in 2002 George W. Bush signed into law the Sarbanes-Oxley Act that became effective on

The Immigration Issue Is A Complicated Facet Of Our Society.

The immigration issue is a complicated facet of our society. The idea of illegal immigration has become significantly more prevalent within our country, as it has become a major topic of discourse and a force that polarizes America at large. Many Americans have begun to see immigration as a determent to our economy, our safety, and to the core values of America, other have encouraged immigration. Those in the latter group have seen the benefits of immigration, the mixing of cultures, and allowing those in dire situation to escape to the north, in search of a better life or The American Dream. In Aviva Chomsky’s book titled Undocumented: How Immigration Became Illegal, she explores the truly tragic plight of the immigrants, and the outcome†¦show more content†¦She asserts that these modern inventions are now used to justify legal status, and through that, create laws that inscribe inequality. Chomsky traces the rise of sovereign states back to European domination, con quest, and the idea that these countries rose due to the need to be able to legally state whether a person can move. During the time that explorers came to what is now America, they saw themselves as superior, strongly due to their Christian ideals. Compared to those natives of the lands the Europeans were conquering, the natives were seen as savagely barbaric. This idea then translated into the idea of who belongs where. The Christians that came seemed to think they belonged everywhere, as a way to spread their religion. Thus, European governments followed suit, trying to impose their control in these new lands as a way to grant the benefits of their administrations to the people. In order to do this, countries, governments, and laws were created to authorize themselves to be able to follow these pursuits. Chomsky notes that, now, the idea that someone being born in the â€Å"wrong place,† thus making them illegal in the eyes of the law, has allowed for the exploitation of migrants. The mistreatment of the immigrant has created a dual labor market, as Chomsky states, that forces immigrants into low paying jobs that make having the job a privilege instead of an obligation. This becomes very apparent as Chomsky highlights the jobs that manyShow MoreRelatedThe Future of Policing1568 Words   |  6 Pagesunderstand that the internal defense of our nation is essentially of far greater importance in viewing national security on a day-to-day basis. For many American citizens existing in the modern age, life seems to run quite smoothly, and what we often take for granted is the fact that this smooth nature has much to do with the successful policing of our country by thousands of law enforcement officials who go to work every day to protect not only our safety, but our way of life. The United States, likeRead More United States and the Japanese-Americans Essay5358 Words   |  22 Pagesimmigrant groups from such rights, and in 1911, the U.S. Bureau of I mmigration and Naturalization continued the actions of Congress by only allowing whites and blacks to apply for U.S citizenship, failing to include among others Japanese immigrants. In 1913, the Alien Land Bill disqualified Japanese immigrants from owning land in California, and in 1924, the U.S. Congress, for all intents and purposes, disallowed any further immigration of Japanese people (Houston and Houston xi). This last act inRead MoreAustralian National Security Statement Analysis Essay3571 Words   |  15 PagesAt a time when Australia faces its most challenging strategic outlook since World War II, there is no issue more important to Australia’s security than the increased capabilities of our intelligence agencies and the development of a robust national security policy. The challenge Australia faces is defining our national security priorities in today’s globalised world and creating a national security architecture for the 21st century that can enable the Australian Intelligence Communities (AIC) toRead MoreThreats of Terror Essay5144 Words   |  21 PagesThreats of Terror This article analyses the intellectual, religious, national and moral processes through which a democratic society has had to confront in its day-to-day routines under the ever-present threat of terror. It discusses the effects of the terror over the character of Israeli society and the critical debates in its system of education. As far as it can be ascertained through the observations in this study, the general publics’ attitude couldRead MoreEvaluating The Use Of The Jewish Faith To Cope Within An6012 Words   |  25 PagesThese people are diverse in a variety of different ways from common religions, customs, traditions, social norms and values, to the varied dietary practice, common types of illness and ways of viewing illness and how they relate to it. Most these facets of a peoples’ everyday life are born from their culture. Merriam-Webster’s dictionary notes culture as â€Å"the customary beliefs, social forms, and material traits of a racial, religious, or social group; also: the characteristic features of everydayRead MoreIntercultural Communication21031 Words   |  85 PagesWhy study Intercultural Communication? Cultural diversity and multiculturalism are the realities of everyday life for almost everyone. The growth of interdependence of people and cultures in the global society of the twenty-first century has forced us to pay more attention to intercultural issues. In order to live and function in this multicultural environment as effectively and meaningfully as possible, people must be competent in intercultural communication. Therefore, demands for interculturalRead MoreCrisis and Emergency Management15250 Words   |  61 PagesC2003-980228-0E HV551.5C3C32 2003 Internet SC94-101/2004E-PDF ISBN 0-662-36461-9 SC94-101/2004E-HTML ISBN 0-662-36462-7 ii CRISIS AND EMERGENCY MANAGEMENT A WORD FROM CCMD Public managers rely on many types of research to stay on top of our constantly changing government workplace. Basic research lays down a solid foundation of understanding by describing and explaining the world in which public managers live. Applied research adds a practical edge by drawing out the decision-making implicationsRead MoreAn Introduction to Intercultural Communication29172 Words   |  117 PagesAs well as knowledge it has to work in tandem with behavioural and attitudinal changes. Cultural competency is important in this day and age for exactly the reasons cited in this article. We, as citizens of planet earth, are no longer confined to our national and cultural borders. We mix with people from different cultures, ethnicities, religions and colours on a daily basis. In order to make this intercultural experience work on all levels from education to business to government, people have toRead MoreH2O Can Expand Operations from Germany Into the Us30890 Words   |  124 PagesHousing, Family, Language, Schooling) Recommendations- Placing Home-Country Workers in the U.S. Conclusion Abstract The purpose of this project is to gain a better understanding of how H2O can expand operations from Germany into the US. Our research explains and describes the HR Initiatives with US best practices. This paper lays out a conceptual framework for H20 expand operation and the strategic of human resource practices in the US. H20 major concern with expanding into the U.S wouldRead MoreHuman Resources Management150900 Words   |  604 Pagesthree different roles of HR management. Discuss the three dimensions associated with HR management as a strategic business contributor. Explain why HR professionals and operating managers must view HR management as an interface. Discuss why ethical issues and professionalism affect HR management as a career field. ââ€"  ââ€"  ââ€"  ââ€"  ââ€"  3 HR TRANSITIONS HR Management Contributes to Organizational Success More effective management of human resources (HR) increasingly is being seen as positively

Target Market Of The Wild Atlantic Waves Adventure Centre - Samples

Question: Discuss about the Target Market Of The Wild Atlantic Waves Adventure Centre. Answer: The Wild Atlantic Waves Adventure Centre is owned by Bradley Johnston and is a company that offers a varied range of tourism activities and services for both children and adults. Bradley Johnston has been the owner of the premises from the beginning of 2017 where he plans to locate his venture with some help from the Local enterprise office. Target market A major part of the target market would include tourists as Ireland West Knock Airport has increased inward flights and the company hopes in increasing their marking investment such that they can ensure that the activities offered by them become a major part of any tourist visiting Ireland. Another essential market includes the primary and secondary schools around the region that can be encouraged to use the company venue for summer schools, outdoor camps, birthday parties and transition years. A large population of holiday homes in the surrounding region is another lucrative target. The company plans on approaching the W.B Yeats enthusiasts and local business owners to encourage the silver surfers, that is, the tourist surfers of the 40-50 age groups to add the activities offered by the company into their bucket list for the things that they can do in Ireland. They also plan to develop networks with various language schools in order to improve international links. Popular sports in the area include cycling and triathlons and the company wants to approach and encourage these sports clubs to use their venue as training retreats preceding the competitions that take place. These are the range of target markets that the company plans on approaching. Media Planning Digital media is an excellent place formarketing where a large population of travelers can be reached (Stelzner 2014). Water and adventure sports is already trending in various social media platforms (Tiago and Verssimo 2014). The company can attempt at promoting themselves through various digital platforms as an interesting venue to visit and have fun for people traveling in Ireland and want to experience the wild Atlantic on the Irish coast .. The lonely planet guide has indentified the region as one of the top destinations to visit in the world, which encourages people to visit the area while exploring Ireland . Social media Using social media can use these regional promotions as an added asset for appealing to a large population of people (Jussila, Krkkinen and Aramo-Immonen 2014). A company page needs to be made in every popular social media like facebook, instagram, twitter and others. Numerous travel sites can be approached for promotions Paid promotions can be carried out on Facebook and Instagram which will help in spreading the awareness about the activities they offer. A company page for online bookings needs to be made and promoted on all of their social media pages, so that people can make bookings while planning their itinerary. A youtube page can be made where promotional videos displaying the fun activities offered by them, can be posted (Gardner and Lehnert 2016). This way the people can visualize the experiences they are going to have. Investing is good photographers and videographers. Sharing various user generated content from people who have already visited the area talking about their experiences (Richter and Torstensson 2016). Holding numerous give away promotional contests on social media. Introducing interesting components The company should plan to introduce some more components in order to develop better business from both local as well as international tourists (Becker 2016). A tourist office in the company venue can prove very beneficial, as there would be a huge influx of local as well as international tourists, most of whom might want to experience the uniqueness of the location and the exciting adventures too. Another interesting component would be to introduce gym surf schools where locals as well as visitors would be able to enroll themselves to learn surfing and that would definitely be beneficial for the business. Another appealing component can be added to the list of adventure sports and that is standup paddling. It is a kind of water sport, which has recently become very popular and involves a surf style board with a long paddle. A number of people are very much into this particular watersport because it is mix of surfing and canoeing. This initiative would attract a lot of clients interested in trying out new things. Last but not the least, an aesthetic as well as energy filled logo needs to be designed for the company. A company logo has a lo t to it than just aesthetics. Many customers judge an entire organization solely on the basis of the company logo. So it is essential to hire a good graphic designer to be able to design an appropriate logo that would speak out about the amount of fun they could have if they availed the company services. Short term expectations 1st year- Promotions through social media would reach at least 10 percent of the local population and about 0.5 percent of the international population Qualified graduated from local institutes will be employed. Collaboration with Failte islands. Long term expectations- 4nd year- A large customer base will already be established. Promotions through social media will increase by 5 percent in case of local market and 0.25 in case of international population. Employments made from local IT institutes will have helped in understanting sales patterns, making new strategies. A group of loyal employees will work towards a better future of the company. Influx of international customers due to social media promotions. 5th year- A slight increase in sales. Improved reach through promotions. Introduction of new adventure activities that would spike up the customer base. Contribution towards Irish tourism. Increased visibility of the company in international as well as local markets. Larger development. References Becker, E., 2016.Overbooked: The exploding business of travel and tourism. Simon and Schuster. Gardner, J. and Lehnert, K., 2016. What's new about new media? How multi-channel networks work with content creators.Business Horizons,59(3), pp.293-302. Jussila, J.J., Krkkinen, H. and Aramo-Immonen, H., 2014. Social media utilization in business-to-business relationships of technology industry firms.Computers in Human Behavior,30, pp.606-613. Richter, F. and Torstensson, C., 2016. Strategic management of social media: How to design content on Facebook and Instagram to promote interaction from followers.Stelzner, M. (2014). 2014 Social Media Marketing Industry Report.Social media examiner, 1-52. Tiago, M.T.P.M.B. and Verssimo, J.M.C., 2014.Digital marketing and social media: Why bother?.Business Horizons,57(6), pp.703-708.

Murdering Mckinley free essay sample

The main factors that are presented in the book include how the assassination affected America and its society, Roosevelt’s response to the assassination and his succession to the presidency, the reasons for committing the murder, and the evidence that supports the cases of the assassin and the district attorney. I found this book to be a well-organized and accurate account of the assassination as well as the surrounding events. I found the events that occurred to be extremely wrong and hurtful to the American society. The means by which the assassin achieved the political changes that he desired were completely immoral and threatening to America. Rauchway describes William McKinley’s assassination in the year of 1901 by explaining to the reader the motives of the assassin, the reaction of the district attorney and society, and the response that Roosevelt had to suddenly becoming the President of the United States. On September 6, 1901 President William McKinley was tragically assassinated at the Pan American Exposition in Buffalo, NY by Leon F. We will write a custom essay sample on Murdering Mckinley or any similar topic specifically for you Do Not WasteYour Time HIRE WRITER Only 13.90 / page Czolgosz. President McKinley ran the politics of state supported capitalism. He was a strong conservative, which was reflected in his successes of reopening factories and putting individuals back to work. Czolgosz disliked McKinley’s politics and wanted McKinley himself to fall in order to prove America was vulnerable and to strip the American people of any illusions of safety. Although the motives behind Czolgosz’s actions were completely immoral, he did have well supported logic behind these actions. The case ultimately went to trial, and the district attorney tried to prove that the assassin succumbed to radicalism through his anger of his social standing. Some would argue that Czolgosz was mentally insane and delusional and that he should receive mercy. At the time of the assassination the American society was becoming more urban and more complex, leading people to have less control over their own fates. People soon began to believe that a sane and healthy social environment would lead to a sane and healthy United States population. Movements to sustain these ideas grew and flourished during the time of Roosevelt’s presidency. This led to liberal political ideology, which soon became kno wn as progressivism. The main impact that McKinley’s assassination had on Americans was that it pressured them to be more clear and up front on their opinions of a working class which included a large number of immigrants. It also encouraged the people to voice their opinion on race in the developing democracy. The organization of the text and manner by which the facts were presented by the author made it easy to follow and understand. I found the book to be unbiased while representing all sides of the argument fairly. The book contains evidence of the details given and the author sometimes uses other historians to back uphisevidenceasagoodwaytosupporthisstatements. Tome,therealbenefitof reading this book was that it helped to expand my knowledge of the actual events of the assassination as well the effects that it had upon America and Roosevelt’s new role as President. I feel that the arguments presented by Rauchway regarding whether or not the assassination was a positive or negative experience for America were mostly equal. After reading the book I gained a better understanding of the affects of the murder. I am able to understand that although McKinley’s death was a tragedy, ultimately America was able to flourish through the progressivism supported through Roosevelt’s policies. However, I feel very strongly that Czolgosz’s act of murder was completely inhumane and very disrespectful to America and its people. As a whole, the book was a very well written description of the murder of William Mckinley and of the affects it imposed on the country. The murder of McKinley had many lasting impacts on American society. Through the assassination, America recieved a push towards progressivism, and became a wake up call to American politics. Although it was a misfortunate act which was committed, it did help America to grow and become stronger as a nation. Roosevelt took a strong stance as the new President and bravely faced the challenge of leading America with courage and knowledge. He acted upon constituent’s fears so that they would become supporters of his efforts to rid radical dissent. Some say Czolgosz acted upon his own insanity, however his decisions were based on logic and his life ended in the electric chair and his remains were doused in sulfuric acid. When he committed the crime he was aware that there would be extreme consequences for his actions. This showed America how far some people would go to achieve the political changes they desired. As Americans today look back on the tragic event, it is seen as one of the most devastating days in American history. However, in the end America found the strength and courage to push through the sorrow and hurt and eventually grow from the death that birthed a new nation. Eric Rauchway presents this tragic event in American history with a hopeful and optimistic tone as he emphasizes the positive growth that America managed to obtain through Roosevelt’s policies. His account is easy to understand yet still challenges the reader to think more deeply about the implications of the event.