Government Cybersecurity Regulation of the Private Sector University of Maryland University College Abstract Unlike other countries‚ the line between the public and the private sector in the United States is not finite‚ and ideally the two should collaborate toward a common goal of increased cyber security to protect national interests. The future of US cyber security legislation is not without obstacles‚ as private industry resents increased government intervention‚ and the government
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Sarbanes-Oxley Act of 2002 Student ACC/561 June 8‚ 2015 Professor Sarbanes-Oxley Act of 2002 Introduction The Sarbanes-Oxley Act of 2002 (SOX) was established after many corporate scandals such as Enron‚ WorldCom‚ and AIG cost investors billions of dollars. Financial fallout from these scandals reduced the American public ’s trust in the economy. The enactment of SOX in 2002 holds corporations to higher standards in reporting financial statements to internal and external users. Even though the
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Introduction The Sarbanes-Oxley Act was one of the best rules and regulations that were passed for accountants. However‚ it did have its advantages and disadvantages. It was signed to address all the audit failures and all the trust issues with the public accounting market and to possibly put a stop to all the corporate financial accounting scandals that were taking place during the years of 2000 and 2002. `“One who is faithful in a very little is also faithful in much‚ and one who is dishonest
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Some people suggest that everyone between the ages of 18 and 21 should be required to perform one year of community or government service. Such service might include the Peace Corps‚ Environmental Conservancy Corps‚ a hospital‚ the military‚ a rural or inner-city school‚ or other community outreach projects. I believe forcing the service of any group of people is a bad idea. In this case‚ three reasons come to mind as to what makes this idea bad. First‚ I see this as a form of indentured servitude
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Internal Controls Internal controls are all the procedures and measures companies put in place in order to achieve two specific goals related to accounting (Kieso‚ Kimmel‚ & Weygandt‚ 2011). The first goal is the protection against loss of assets from various sources such as theft or accounting error (Kieso‚ Kimmel‚ & Weygandt‚ 2011). Companies‚ clients and shareholders must have assurance that there is suitable control over all business assets like inventory and bank accounts all the
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Self-Regulation of a Robot PSY202: ADULT DEVELOPMENT AND ASSESSMENT 6/20/2014 JASON PIERATT Self-Regulation of a Robot As a youngster‚ self-regulation can be hard. There’s no trained thought or experience to back up our actions or emotions. As an adolescent I lacked emotion in extreme conditions. As I got older I grew a conscience. By choice‚ I chose to retain the ability to not feel emotion in extreme situations. Since I got older it’s a little harder to contain emotion so I find myself
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Violations of Sarbanes-Oxley Act Parmalat is a European company‚ and it’s headquarter is in Italy. The US Security and Exchange Commission still targeted Parmalat with fraud charge after the Parmalat fraud was revealed on Dec‚ 2003 (Kapner‚ D.W.‚ 2003). The US SEC caught the chance to practice its law in a long range when Parmalat sponsored a program called American Depositary Receipts in the US to raise money since August 1996. The SEC stated that Parmalat sold their bonds to American investors
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and vibrant securities markets generally have effective regulatory and enforcement philosophies. This paper seeks to characterize the regulatory and enforcement paradigms of Kenya’s securities markets in the context of the global regulatory and enforcement philosophies. From the analysis‚ it is evident that the regulatory paradigm is indissolubly government or national with nominal self-regulation. Although the statutory framework enshrines self-regulation‚ the relevant provisions are ambiguous
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limitations and the scope of the study. 1.1 Background Information The Ministry of Finance derives its mandate from the Constitution of Kenya‚ Cap VII Sections 99-103 which provides for proper budgetary and expenditure management of government financial resources. In addition‚ Parliament‚ over the years has enacted 49 Acts to which the Ministry of Finance is a custodian thereby adding more responsibilities to the Ministry. The functions of the Ministry of Finance are strategic in several ways. As
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CHAPTER 2: REGULATION IN FINANCIAL ACCOUNTING Chapter 2 regulation in Financial accounting LEARNING OUTCOMES Upon completion of this chapter you should be able to understand: • The difference between management and financial accounting. • Why accounting regulations are important and required. • The need for and the structure of professional regulation‚ company law‚ stock exchange legislation and EU Directives. • How the different aspects of regulation work together
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