The Sarbanes-Oxley Act of 2002 (Public Company Accounting Reform and Investor Protection Act‚ Pub.L. 107-204‚ July 30‚ 2002‚ 116 Stat. 745‚ July 30‚ 2002) was enacted by Congress in the wake of corporate and accounting scandals that led to bankruptcies‚ severe stock losses‚ and a loss of confidence in the Stock Market. The act imposes new responsibilities on corporate management and criminal sanctions on those managers who flout the law. It makes Securities fraud a serious federal crime and also
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high level executives‚ the imposition of very small fines and no prison time for devastating frauds‚ and a lack of independence of external auditors and the board of directors. With this in mind‚ I believe five advantages of the Sarbanes-Oxley Act of 2002 to be: 1. That it holds CEO’s accountable for internal controls so that they cannot claim that they did not know or understand what was happening in their company and place the responsibility for fraud on lower level staff (Section 302 and 404). 2
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corporations such as Enron‚ WorldCom‚ and Hollinger International‚ lawmakers sought to provide regulations that provide oversight on the way corporations report financial data and to ensure that stockholders were protected. The Sarbanes-Oxley Act of 2002 was put in place to combat deceit‚ improve the consistency of financial reporting‚ and reestablish the confidence of investors (Wagner & Dittmar‚ 2006). One of the declaring regulation within this major law is that the management of a company is
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Sarbanes-Oxley Act of 2002 established a new five-person board to oversee financial accounting in publicly traded corporations. The board is appointed by the Securities and Exchange Commission. Prior to the creation of this board the industry relied primarily on self-regulation through the American Institute of Certified Public Accountants. Do you think the establishment of the new oversight board was a good idea or should the profession have continued to be self-regulated? In 2002 there was a new act
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Lisbeth Riera The film “Inequalities For All” is a documentary that discuss the debate of income inequality. The film demonstrates and explains to the viewers how our nation is at the point where the middle class is disappearing. The film raises many question about the distribution of income and wealth and how education plays a major role. Although‚ many acknowledge this is a problem that our nation is facing; not alot understand why it became like this and I myself am part of this group of individuals
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focuses on the different key players in response to the Yulin Dog Meat Festival. The act of torturing dogs before eating them during the Yulin Dog Meat Festival is one that is harshly criticised by animal lovers‚ activists and the general public all over the globe. No doubt‚ the Western perception of dogs and pets as companions and deserving of animal rights justifies their protest and condemnation of the Yulin Dog Meat Festival. However‚ that is also reflective of the heart of ethnocentrism‚ because
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Table of Contents Abstract Congress passed the Sarbanes-Oxley Act of 2002 in response to financial scandals perpetrated by Enron and WorldCom‚ and it has had a strong impact on corporate accounting and financial decision-making. This law was intended to enhance financial transparency for publicly-traded companies. The Sarbanes-Oxley Act established new regulations and penalties for public companies to protect investors. In addition
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Bona Dea: The Festival of the Good Goddess The Good Goddess was one of many female deities‚ and stood for chastity and fertility‚ in addition to healing and protection. She also went by Feminea Dea (The Women’s Goddess)‚ Laudanda Dea (The Goddess to the Praised) and Sancta (The Holy One). Although somewhat shrouded in mystery‚ scholars now and the men of ancient Rome hypothesized that she was a version of an agricultural goddess‚ the most recognizable being Damia‚ the Rome version of Demeter. However
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Course Date LA Confidential Film - Delivers Prime Sinnuendo LA Confidential Film is a sole violent ride although it is all performed in the context of a gritty story. There is a rapid nudity‚ various police beatings‚ the prolonged rape aftermath‚ pornographic photos‚ gunplay and just a frequent wallow within the Tinseltown seamy side. In short‚ from the Christian view point‚ there is literally nothing illuminating in this film. Maybe most aggravating in this film is the realistic presentation of
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LEVEL 3 How to write a Film Review Credits (first page only): Title‚ year‚ genre‚ director‚ (screenwriter)‚ music or soundtrack‚ main actors. Credits: Summary of the plot (synopsis): Only a brief summary of the film‚ around ½ to ¾ page. Make sure that your summary makes sense to a reader who does not know the movie. Do not refer to specific scenes and do not try to explain everything. You must also include the following items‚ but not as different parts (they should be included
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