The Sarbanes-Oxley Act (SOX) was passed by Congress in 2002 (www.sarbanesoxley. com). The Act‚ along with subsequent regulations adopted in 2003 and 2004‚ affected the responsibilities of auditors‚ boards of directors‚ and corporate managers with respect to financial reporting. Also‚ the act established the Public Companies Accounting Oversight Board (PCAOB) that is now responsible for oversight of financial statement audits of publicly-traded corporations and the establishment of auditing
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The Battle of Hastings At the beginning of 1066‚ King Edward the Confessor ruled England. He had no children so there was uncertainty on who would rule next. There were three men who wished to be king. They were William‚ Duke of Normandy; Harold Godwineson‚ Earl of Wessex‚ and Harald Hardraada‚ King of Norway. On January 6th‚ 1066‚ the day after Edward died‚ Harold Godwineson was crowned king. William saw this as a declaration of war‚ and said he would kill Harold. He immediately made plans
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Between the years 1825 and 1850‚ the US underwent a series of social and political reforms which attempted to democratize American life. Reform movements during this period of Jacksonian Democracy attempted to dissolve disunity in the social ladder and pushed for equal rights among all citizens. Stemming from the Second Great Awakening in the early 19th century‚ many of these reforms were backed by religious ideals over democratic principles. At the forefront of the cause‚ however‚ was the hope
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The Effects of Industrialization on Manchester‚ England 1750-1850 England in the 18th and 19th centuries changed dramatically as a result of the Industrial Revolution‚ which had many effects on the social structure of England and increased the gap between the rich and the poor. Because of this‚ industrialized English towns such as Manchester were both criticized and admired by poets‚ politicians‚ journalists‚ and outsiders‚ who were particularly from France. The most powerful points of view were
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Private Equity: Leveraged Buyouts Intro Case: Martin Smith Martin Smith—Case Objectives • Examine components of PE compensation and their relative weight – Case Exhibit 4 (difference between Salary and Total is Carried Interest) • Evaluate difference between IRR and Multiple on Investment (two return metrics) – Case Exhibit 6 • Begin to explore differences among funds as an employee and investor – trade-offs include compensation‚ track record‚ strategy‚ focus‚ reputation‚ risk
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Sarbanes-Oxley Act of 2002 was enacted on July 30th‚ 2002 to strengthen corporate governance and restore investors’ trust in the capital market. Objective of the study This paper will define the corporate scandals of the past decade using Enron and their auditors Arthur Andersen as a case study. The paper will focus on the financial statement misrepresentation involving Enron and their auditors. The paper will further define the effects that these scandals
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military dictatorship which is also known as the period of ‘National Reorganisation Process’.(Saxton‚ 2003‚ p.2). The Argentina crisis was as a result of the historical political unrests for many years which lead to economic upheavals during 1998 – 2002. During 1976‚ the government fought a ‘dirty war against guerrilla groups’. (Saxton‚ 2003‚ p.4). Thousands of Argentines died during the war‚ mostly as victims of the military. To divert attention from increasingly severe political and economic
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With reference to the source and other sources‚ discuss how this interpretation of history compares with your own view. Answer: The Problem of historical objectivity is the fact that history was and will always stay subjective as long as historians have different moral values and beliefs. Historical objectivity challenges historical construction and the way historians find evidence to reconstruct the past. The differing perspectives towards how history is interpreted are expressed through the
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transformed into short vowels with different qualities. In the Great Vowel Shift‚ long vowels “moved up” in their place of articulation that changed their “quality.” 2. In what ways was William’s victory at Hastings in 1066 significant for the English language? William’s victory at Hastings in 1066 was significant for the English language because it established French as the language of the upper class. Anglo-Saxon became the language of an under class‚ because of this‚ there ceased to be a standard
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Sarbanes-Oxley Act of 2002 ACC 290 Sarbanes-Oxley Act of 2002 The Sarbanes-Oxley Act (SOX) originated on July 29‚ 2002 due to fraudulent bookkeeping practices and misleading financial reports from large corporations. These practices created a number of accounting scandals‚ which resulted in this in the government creating such an act. The purpose was to prevent and punish corporate corruption and‚ along the way‚ try to repair investor confidence. The law was passed by congress after well-known
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