Wednesday, January 29, 2020

Sarbanes-Oxley Act of 2002 Article Review Essay Example for Free

Sarbanes-Oxley Act of 2002 Article Review Essay The Sarbanes-Oxley Act was a daring attempt to legislate morality with the intentions of restoring integrity with the public in financial markets. The Sarbanes-Oxley Act is a direct result from corporate scandals like WorldCom, Enron, Adelphia, and Tyco, which succeeded in the collapse of these major corporation and ruined people’s lives. The mistreatment of employees and investors by flagrantly unethical business practices cost some their life savings and retirement portfolios while others went to jail because they were part of the scandals. The provision regarding ethics in business contained within the Sarbanes-Oxley Act help to ensure and deter unethical business practices. There are two particular provisions that have a big effect on organizations on their ethical decision making. The first is the requirement corporations must create a code of ethics for senior financial officers that include enforcement mechanisms and the regular rotation of outside auditors. There are other requirements such as Section 303 â€Å"improper influence on conduct of audits,† Section 306 â€Å"insider trades during pension fund blackout periods,† and Section 307 which state â€Å"rules of responsibility for attorneys,† (Orin, 2008) but the first two mentions have the power collectively to regulate corporations internally and externally. The Code of Ethics is a schematic for each corporation for governance within the organization to regulate and set acceptable standards for directors, officers, accountants, and employees. The mandatory rotation of auditors ensures the organization has a truly independent audit that allows auditors to question and criticize business practices of the corporation experiencing the audit. The SOX should have went one step farther by mandating audit –firm rotation rather than just rotation of the lead person doing the audit, which would ensure complete independence of the audits. The rotation will ensure if one auditor misses unethical practices or is part of it will be discovered and discontinue with the rotation. The out-of-pocket expense for compliance has many critics who say this is an unfair burden on corporations; however have made significant strides against unethical business practices. The criminal penalties for which the act provides includes fines, imprisonment, loss of exchange listing, and loss of DO insurance depending on which section of the SOX the corporation is out of compliance with. The CFO or CEO who unknowingly submits a wrong certificate could be fined up to one million and up to 10 years of prison, if knowingly then he or she could be subject up to five million and up to 20 years imprisonment. â€Å"The ultimate incentive, which may prove to be the sine qua non, is that a failure to do so could expose them to the disastrous possibility of being deemed to have embraced these historical problems and to become accountable for them as their own† (Orin, 2008). The Sarbanes-Oxley Act was drafted by Representative Michael Oxley and Senator Paul Sarbanes, which was intended to protect investors by ensuring/improving the reliability and accuracy of corporation’s disclosures of corporate financial performances. The SOX ensures that executives are held accountable for all financial issue even if unknown, forcing them to become more involved and monitor the accuracy of what is being reported to be true and accurate. References Orin, R. M. (2008). Ethical Guidance and Constraint Under the Sarbanes-Oxley Act of 2002. Journal Of Accounting, Auditing Finance, 23(1), 141-171. SOX-Online, (2012). Sarbanes-Oxley essential information. Retrieved from http://www. sox-online. com/basics. html

Tuesday, January 21, 2020

abraham lincoln Essay -- essays research papers

Abraham Lincoln was born in Hardin County, Kentucky on February 12, 1809, to Thomas Lincoln and Nancy Hanks. Thomas had been apprenticed as a carpenter after the death of his father and the passing of the family property to his eldest brother as required under the system of primogeniture. Thorough dint of hard work or with funds from his family, Thomas acquired enough money to purchase a farm, but his ownership was soon challenged. Kentucky had been surveyed in such a primitive manner that boundaries were never certain. After having the titles of two other farm parcels challenged, Thomas tired of Kentucky and in 1816 moved his family to southern Indiana. The federal government had surveyed Indiana in a manner that insured sound titles. Abraham Lincoln later explained his father's move as "partly on account of slavery; but chiefly on account of the difficulty in land titles." If distaste for slavery motivated Thomas Lincoln to leave Kentucky, it was probably anger at the in fluence of the planter class rather than concern for the lot of the slaves, as Thomas never expressed any moral qualms about the institution. The Lincoln family's problems in Kentucky were not atypical for frontier settlers. Traditionally, the frontier has been portrayed as an agrarian idyll, a vision of sturdy and prosperous yeomen farmers serving as a bulwark of democracy. In fact, the frontier provided as many opportunities for failure as for success. Settlers were plagued by sickness and dea...

Monday, January 13, 2020

Creating a Living Newspaper

Reflection on Y, F, Z Living Newspaper Scene The idea of the â€Å"Living Newspaper† is an ingenious way in theatre to depict real life in an artistic way and amplify the feelings of the actual event. So, naturally when you assigned us to create our own â€Å"Living Newspaper† I was ecstatic to get started. The group I worked with and I decided to choose between finding a newspaper on a cult group or an exorcism, though I preferred the exorcist idea, we decided to go with cults because during our research we found it very fascinating that there were so many cases and different types of cults.During our research we found there were multiple different kinds of cults, some good, some bad, but most focused on the end of the world or the end of their world and how they would be able to spend eternity, and most usually had manipulative and violent leaders. One such case was the Y, F, Z Ranch where the leader Warren Jeff’s is accused of committing multiple accounts of i ncest and rape, though that was still not as interesting to us as the fact, that all the girls that belonged to this cult, were in a sense brainwashed.The fact that somebody or a group of people could be tricked into thinking that something so sinister was the way of a god was ludicrous. As a group we all wanted to add or own tweak the piece, my own personal contribution was the in the beginning of the scene I wanted there to be sheets in front of the actors playing the rap victims of the cult and you would see â€Å"Warren Jeff’s† shadow come up to each one and imitate the act of raping them. I wanted this to highlight the silent motif we played with.Though, of course in the time we had we had to be realistic with our scene so the sheets didn’t happen, we still continued with the most important theme of silence which is what I intended for my contribution. What I took away as an actor from this piece is how different it is to play a real person rather then a ch aracter and how much it bends and changes the methods of the acting I was use too. And personally from this piece I realized how difficult it is to work when there are so many people disorganized people trying to voice their opinion. But, I did enjoy the experience.

Saturday, January 4, 2020

Common Themes of Edgar Allan Poe - Free Essay Example

Sample details Pages: 1 Words: 434 Downloads: 3 Date added: 2019/06/26 Category Literature Essay Level High school Tags: Edgar Allan Poe Essay Did you like this example? Allen Poe is a famous poet who is known for his many short stories. Some of his most famous ones are The Tell Tale Heart and The Raven. Edgar’s poems often share a similar or even the same theme. In these two short stories a common theme is loneliness can drive one insane. In The Tell Tale Heart Edgar shows many examples of supporting this theme. In this story the unnamed narrator was very lonely, lived by himself and took care of an old man. He loved the old man, but he hated his  ¨Vulture eye†. â€Å"Whenever it fell upon me, my blood ran cold; and so by degrees- very gradually- I made up my mind to take the life of the old man, and thus rid myself from the eye forever.† He hated it so much he had logically planned to murder him just for the way his eye looked. â€Å"Object there was none. Passion there was none. I love the old man he had never wronged me. He had never given me insult. For his gold I have no desire.† It was a successful murder until he started going insane from his guilty conscience making himself hear things that weren’t actually there and eventually turned himself into the police. â€Å"I heard all things in the heaven and in the earth. I heard many things in hell.† Don’t waste time! Our writers will create an original "Common Themes of Edgar Allan Poe" essay for you Create order In the short story, The Raven, the unnamed narrator is very alone by the recent death of his loved one Lenore. He imagines a raven bird knocking at his door and window then entering his room repeatedly saying â€Å"Nevermore†. He tries to have a conversation with the raven asking, â€Å"Is there anything that will comfort my soul?† â€Å"Will I reunite with Lenore in heaven?† The raven still continues to say nothing but â€Å"Nevermore†, the narrator then freaks out at the bird and tells him to leave him alone. Suddenly the narrator is convinced that the angels from heaven, Lenore, made the room’s air dense and perfumed. The narrator then tells the audience the raven stopped speaking to him and sits in his room and he believes that he will live in the shadow of the raven forever. Loneliness can drive one insane, this theme fits these two short stories, The Tell Tale Heart and The Raven, perfectly in many ways. The narrator in both stories is very lonely and he ends up being mentally insane in both. One killing an old man just because of one of his eye and the other having a conversation with a bird about his passed loved one.