The Sarbanes Oxley ( Sox ) Act Of 2002 - 1617 Words

The focus of this week’s assignment is the Sarbanes-Oxley (SOX) Act of 2002. A brief historical summary of SOX will be presented, including the events leading up to its passage. The key ethical components of SOX will be identified and explained. The social responsibility implications of the mandatory publication of corporate ethics will be assessed. One of the main criticisms of SOX has been its implementation costs, and this specific criticism will be addressed in regards to smaller organizations. Finally, potential improvements to the SOX legislation will be explored, based on existing research in this area. Brief History of SOX Enactment The Sarbanes-Oxley Act of 2002 was created by Congress in response to financial scandals. There were several incidents which contributed to the need for legislature such as SOX. For purposes of brevity, the focus here will be on two of the largest financial scandals leading up to the passage of SOX, which are of those of Enron and WorldCom. In October 2001, Enron announced it was reducing after-tax net income by approximately $500 million shareholders’ equity by $1.2 billion. It also announced that it was restating net income for the years’ 1997-2001. In November 2001, Enron recognized in a federal filing that it overstated earnings by nearly $600 million since 1997. Within a month, they declared bankruptcy. It was discovered that many financial reporting issues were poorly disclosed or not disclosed at all. There were majorShow MoreRelatedThe Sarbanes Oxley ( Sox ) Act Of 2002926 Words   |  4 PagesThe Sarbanes-Oxley (SOX) Act of 2002 was legislated by Congress to restore reliability of financial statements with the objectives to raise standards of corporate accountability, to not only improve detection, but to also prevent fraud and abuse (Terando Kurtenbach, 2009). Additionally, SOX was the response to general failure of business ethics such as the propagation of abusive tax shelters and great er aggressive tax avoidance strategies (Raabe, Whittenburg, Sanders, Sawyers, 2015). Tax AdvantagesRead MoreThe Ethics Of The Sarbanes Oxley Act Of 2002 ( Sox )858 Words   |  4 Pagesfamily business could have implemented to refrain the perpetrators from fraudulent incidents, protect organizational assets and the organization’s going concern. Corporate fraud was the cornerstone for the strict implementation of the Sarbanes-Oxley Act of 2002 (SOX). SOX implements many compliance regulations, but one of its regulations, specifically Section 404, relates to an organization’s internal control procedures with the purpose of protecting organizational assets and investors’ interest. ConsequentlyRead MoreSarbanes Oxley Act Paper934 Words   |  4 PagesRunning Head: SARBANES OXLEY ACT Sarbanes Oxley Act Introduction Sarbanes Oxley Act is focused towards identifying accounting frauds in different public companies. This paper discusses about various reasons for the introduction of Sarbanes Oxley Act and causes that has been overlooked. Causes for Sarbanes-Oxley Act Sarbanes Oxley Act is US federal law, which is established in order to set out the some standards for accounting firms, public company boards and managementRead 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 MoreEssay on The Sarbanes-Oxley Act852 Words   |  4 Pagestoday that are using the Sarbanes-Oxley (SOX) legislation that helps to safeguard their company and their financial records. The Sarbanes-Oxley act began in 2002 and the purpose behind this act was to protect organizations, it had a major impact on accounting and record keeping. Because of Enron, they passed this act for publicly-traded corporations to better implement control to their enterprise data. â€Å"Named after Senator Paul Sarbanes and Representative Michael Oxley, who also set a number ofRead MoreThe Implications of the Sarbanes Oxley Act on the Accounting Profession755 Words   |  4 PagesThe Implications of the Sarbanes Oxley Act on the Accounting Profession Abstract On July 30, 2002, the Sarbanes Oxley Act (also known as SOX) was signed into law by President George W. Bush. The Sarbanes Oxley Act of 2002 is a federal law that set new or improved standards for all U.S. public company boards, management and public accounting firms. Covered in the eleven titles are additional corporate board responsibilities, auditing requirements and criminal penalties. ThisRead MoreThe Sarbanes-Oxley Act of 20021668 Words   |  7 PagesThe Sarbanes-Oxley Act of 2002 The Sarbanes-Oxley Act of 2002 The Act Impact ACC 410, Jackie Lewis, Ph.D. Abstract The Sarbanes-Oxley Act, officially named the â€Å"Public Company Accounting Reform and Investor Protection Act of 2002†, is recognized to be the most noteworthy U.S. federal disclosure and corporate governance legislation since the Securities Act of1933 (the Securities Act) and the Securities Exchange Act of 1934 (the Exchange Act). Furthermore, the provisions of the Act areRead MoreThe Sarbanes Oxley Act ( Sox ) For A Company1461 Words   |  6 Pagesto try to describe the cost and benefits of implementing the Sarbanes Oxley Act (SOX) for a company. I will then move on to describe what it is, how to go about it, and what a company may need to properly implement it. The Sarbanes Oxley Act was approved and activated in 2002 to protect investors and to renew confidence in American companies from what happened with the fall of companies like Enron, HealthSouth, and WorldCom. This act was trusted to fix or find corruption in the companies and makeRead MoreSarbanes-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 Disadvantages of the Sarbanes-Oxley Act of 2002712 Words   |  3 PagesSarbanes-Oxley Act of 2002 Introduction The many financial scandals of the late 1990s and the early 21rst century served as the catalyst for U.S. lawmakers writing and ratifying the Sarbanes-Oxley Act of 2002 (SOX). Originally written to avert financial scandals including Enron, Tyco and others, SOX quickly became an impediment to the growth of smaller firms especially, who did not have the staff available to meet complex, often ill-defined requirements (Griffin, 2007). The intent of this analysis

The Importance of Determining a Students Learning Style...

What does learning style mean in general? Learning style is simply the different ways a person perceives and process information. Knowing your learning style helps you to understand why you look at certain things the way you do. It also helps you to figure out when and how to use your learning style effectively as well as incorporating other learning styles as well. The way people perceive information typically range from a concrete experience to an abstract experience. People who perceive concrete information are more hands on versus the people who perceive abstract information who are more of the people who take time to analyze and break down the situation. The way people process information by active experiment prefer to jump in and†¦show more content†¦It also helps to write down material that has been taught orally on paper because it is easier for me to process what I have heard well if I see it on paper. I benefit from different handouts as well as illustrations becau se it helps me to actually see a clear picture. I prefer to read alone, take notes and do hands-on activities in class to help me better understand the material. I had discovered some learning tips that have been helpful to increase my learning experience in other classes as well. In math, I find it helpful to take a lot of notes as well as write down many examples. This helps me because I can take a problem and find an example similar to the problem and figure out how to work it out because I have something guiding me in the right direction. I also find that pictures can be helpful as well because now I have a visual idea of how to better work a problem. In reading I find it easier to record my lectures. I have to hear the topic over and over again as see it to get a clear understanding of what it is asking me to do. Also pictures are very helpful as well because I am able to see exactly what is going on. Since I have been in college I’ve had to change some of my personal st udy habits to maintain good grades in school. I’ve learned to actually schedule study time instead of just picking a random time to study. I find this helpful because I get moreShow MoreRelatedMulticultural Education : Issues And Perspectives1422 Words   |  6 Pagesof a student. Researchers from various studies have determined that students vary in learning performance and academic achievement. One factor that was determined to affect academic achievement was ethnicity. The question we will be trying to answer is: Is a Student’s Ethnicity the only factor to affect success or failure in school? We will look at research from articles that will provide data on a student’s academic performance determined through ethnicity and other factors. These other factorsRead MoreGesture and Its Role in Classroom Communication1661 Words   |  7 Pagesits role in classroom communication: an issue for the personalized learning agenda, Wall (2006) argues that even though there has been much research regarding interpersonal communication in the classroom, it has primarily focused on verbal interactions between students and teachers. He contends that further research is needed in the area of nonverbal communication, specifically the use of gestures. For true per sonalized learning to be effective, the teacher must be able to assess whether or not eachRead MoreLearning Styles Of Students Are Experienced Nurses For A Leadership Course1008 Words   |  5 PagesLearning is a process of retention of knowledge either by repetition, recitation, and demonstration. There are multiple theories related with the learning process. â€Å"Learning theories explain the complex nature of the interaction of students with their faculty, the learning environment and the subject matter† (Billings Halstead, 2016, p. 211). Every student has different ways that they learn things. Some students are auditory learners while others will be visual and tactile learners. It is the primeRead MoreMy I Decided For A Teacher891 Words   |  4 Pagesstudents based on their ability to learn. When you understand that this is what teaching is about, you try practices that will make your instruction stronger. Differentiation is one way to make sure that all learners gai n the education they deserve. Learning Plan When planning any lesson, I always consult the standards to determine what students must know and be able to do. The standard for this lesson states, â€Å"Students analyze, make inferences and draw conclusions about persuasive text and provideRead MoreHow Mathematics Has Changed My Life934 Words   |  4 PagesMaths is ubiquitous in our lives, but depending on the learning received as a child it could inspire or frighten. If a child has a negative experience in mathematics, that experience has the ability to affect his/her attitude toward mathematics as an adult. Solso (2009) explains that math has the ability to confuse, frighten, and frustrate learners of all ages; Math also has the ability to inspire, encourage and achieve. Almost all daily activities include some form of mathematical procedure, whetherRead MoreSchool Uniforms And Its Placebo Effect Essay1458 Words   |  6 Pagesmay not otherwise have clothing (Jenny Scott BBC News Online) Even today most of the schools req uiring uniforms are located in low-income neighborhoods. The uses of uniforms in today’s public schools are a placebo under the guise to provide a safe learning environment. This is done so by eliminating the competition of dress and creating a feeling of equalization and sense of security among students. There are many school officials who agree with the use of uniforms stating that it greatly reducesRead MoreMy Professional Responsibility Of Being A Teacher1445 Words   |  6 Pagesfor change and instil a love of learning into all of my students. I will endeavour to constantly be committed to my professional responsibility of being a teacher, combining my knowledge, skills and passion to create lifelong learners and impact positively on students’ lives. As a teacher, I aim to ensure I teach inclusively, believe in my students’ ability to learn and ensure each student’s learning needs are my main focus. I will ensure I influence the learning environment by being prepared,Read MoreA Stable Home Background With Parents Essay1499 Words   |  6 Pagesthe most important factors that is necessary for a child’s academic success. Parents are perhaps the biggest influences on a child or student’s life. When it comes to education, parents are able to positively and negatively encourage a child in school. Parents who positively support their children generally will have students who enjoy and understand the importance of school. Children who had negative parental influence generally become students who are less likely to appreciate school and more likelyRead MoreUsing Simulated Patients And The Health Care Professionals Are Breaking Bad News1358 Words   |  6 Pagesthe patient Breaking bad news using simulated patients SP in undergraduate medical curricula: The traditional way of teaching in medical education â€Å"see one, do one, teach one â€Å"is proven to be limited. Role modelling and imitation are emphasised, learning is clinically oriented, and the feedback is minimal. The biggest disadvantage is that the learners are faced with situations in the future which they find themselves to be underprepared for .(Jacques et al. 2011) Nature of the problem: One of theRead MoreThe Perspectives Of Albert Banduras Social Learning Theory1237 Words   |  5 PagesBandura leans towards the behaviourist learning theories when discussing the Social Learning Theory, he adds that learning occurs through observation and the observing of ‘models’, these can be parents, teachers, mentors or even characters on a TV show (McLeod, 2016). J L (2015) however, disagrees and views this learning theory as a bridge between behaviourist and cognitive learning due to its inclusion of motivation, memory and attention. This style of learning was depicted clearly through the 1961

Othello As He Saw Himself Essay Example For Students

Othello As He Saw Himself Essay Shakespeares Othello includes the memorable tragedy of a husbands jealousy, a wifes innocence, and mans ability to manipulate any situation. In the play Othello, Othello sees the person that he is in many different ways. For example, in Act I, Othello states that he is rude in speech and little blessed with the soft phrase of peace (scene3.83-84). This indicates that he knows his limitations and he has accepted what he does for what he is. Also, Othello is strong and valiant, but also compassionate as shown in lines 169-170: She loves me for the dangers I had passes, and I loved her that she did pity them (act 1, scene 3). Othello shows that he can forgive and move on when he said Id whistle her off and let her down the wind to prey at fortune (act 3 scene 3 lines 278-279). In writing this play, this line parallels to the action of a hawk that is released downwind so that it will not return. Similarly, Othello is saying that he would let go of Desdemona forever. This shows that he is humble and can admit defeat. Othello views himself in a very low position when he states: O, now, forever farewell the tranquil mind! Farewell content! (act 3 scene 3 lines 363-364). Also, this line suggests that he has resolved to do something and that his mind is committed to it. This shows that he is a determined man with very much self-motivation. Finally, Othello states: Of one whose hand, like the base Indian, threw a pearl away richer than all his tribe (act 5 scene 2 lines 356-358). This line compares Othello to an ignorant savage who could not recognize value. In saying this line, Othello sees the foolish man within himself in throwing away the pearl, Desdemona.

Movie The Power of One free essay sample

Available has made the concert scene memorable from the film The Power of One which was set in apartheid time in Africa by using many visual and verbal techniques such as lighting, music and dialog that support all the suggestions that the scene makes. These techniques make this scene and film memorable. During the concert scene Peaky conducted a group of non-white African prisoners to sing for the commandant. Peaky was proven to be smart and determined in this cane because he translated the guards speech to the prisoners incorrectly to encourage the tribes to unite.The Guard told Peaky to translate Sorriest prisoners in all of Africa! but Peaky translate it to Let us be one under the African Sky. The prisoners sang a song about the guards they run this way, they run that way, they are afraid, they are cowards.. In Zulu. Serpent Foreman cornered Pete and made him tell what the words to the song meant and then beat him to death because he was aggravated about what the prisoners were singing. We will write a custom essay sample on Movie: The Power of One or any similar topic specifically for you Do Not WasteYour Time HIRE WRITER Only 13.90 / page Peaky got to Pete in time for him to say his last words: All the tribes as one, thanks to you rainmaker.A visual technique which made the concert scene memorable was lighting. The dark dim lighting suggested that the conditions of the prison were harsh. An example of this is when Agile Pete is beaten to death by Sergeant Foreman, the lighting was harsh, artificial and spot lighten which made Foreman look evil. The lighting gives the audience clues about the dark emotions experienced by Agile Pete in this scene. Another technique used in this film is the music during this scene.There were only two types of music, the piano and the background singing of the African prisoners which suggest a lot of things, for example the prisoners singing from different tribes could suggest co-operation and equality between tribes and the singing in Zulu meant that the commandant and Sergeant and guards could not understand what the tribes were singing about the guards being cowards and afraid. Alley Loyola moon! is what one of the prisoners was shouting out.Peaky in this scene translated the commandants speech incorrectly which gave the prisoners encouragement to bring honor to their tribe. The dialog also made this scene memorable in this film. The dialog was very moving and powerful. The speeches were moving because the verbal and visuals at each part of the scene were supporting each other to create something beautiful even though Agile Pete was dieing in Passkeys arms saying Rainmaker the over narration when Agile dies is also moving For a brief moment he was a freeman.This suggest that Pete had a hard life before if he was a freeman Just before he died. The actual English speech of the commandant suggest that he hated all black people and thought that whites are superior which also suggest racism. I believe that this film The Power of One is a bold, strong and moving film and many memorable and important scenes like the concert scene. The Director John G. Available has attempted to recreate what apartheid was like in Africa and I strongly believe that this film has captured that image. Movie The Power of One free essay sample The Guard told Peaky to translate Sorriest prisoners In all of Africa! but Peaky translate It to Let us be one under the African Sky. The prisoners sang a song about the guards they run this way, they run that way, they are afraid, they are cowards.. In Zulu. Sergeant Foreman cornered Pete and made him tell what the words to the song meant and then beat him to death because he as aggravated about what the prisoners were singing. Peaky got to Pete in time for him to say his last words: All the tribes as one, thanks to you rainmaker.A visual technique which made the concert scene memorable was lighting. The dark dim lighting suggested that the conditions of the prison were harsh. An example of this Is when Ceil Pete Is beaten to death by Sergeant Foreman, the lighting was harsh, artificial and spot lighten which made Foreman look evil. We will write a custom essay sample on Movie: The Power of One or any similar topic specifically for you Do Not WasteYour Time HIRE WRITER Only 13.90 / page The lighting gives the audience clues about the dark emotions experienced by Ceil Pete in this scene. Another technique used in this film is the music during this scene.There were only two types of music, the piano and the background singing of the African prisoners which suggest a lot of things. For example the prisoners singing from deferent tribes could suggest co-operation and equality between tribes and the singing in Zulu meant that the commandant and Sergeant and guards could not understand what the tribes were singing about the guards being cowards and afraid. Alley Loyola moll is what one of the prisoners was shouting out.Peaky in this scene translated the commandants speech incorrectly which gave the prisoners encouragement to bring honor to their tribe. The dialog also made this scene memorable in this film. The dialog was very moving and powerful The speeches were moving because the verbal and visuals at each part of the scene were supporting each other to create something beautiful even though Ceil Pete was dieing in Passkeys arms saying . .. Rainmaker the over narration hen Gel dies is also moving _for a brief moment he was a freeman.This suggest that Pete had a hard life before if he was a freeman Just before he died. The actual English speech of the commandant suggest that he hated all black people and toy 2 I believe that this film The Power of One is a bold, strong and moving film and many memorable and important scenes like the concert scene. The Director John G. Available has attempted to recreate what apartheid was like in Africa and I strongly believe that this film has captured that image.