As of July 30, 2002 the Sarbanes-Oxley (SOX) Act was passed. The Act has affected both the principles and assumptions of accounting and financial reporting. As your new financial advisor I will explain the important changes made by the SOX act and who is impacted by it. Section One The Sarbanes-Oxley (SOX) Act was the reaction to major corporate and accounting scandals, including Enron and WorldCom. The goal of the act is to thwart and dissuade future accounting fraud, safeguard shareholders and…
the context of the claim and the writers own feelings should be taken into consideration when choosing the warrant. For example Trump (n.d), “Make Mexico Pay For The Wall” – warrant; “A nation without borders is not a nation…the Government Accountability Office found that there were a shocking 3 million arrests attached to the incarcerated alien population.” When the warrant is not immediately accepted by the audience, a defense must be given for the warrant in order to satisfy the audience.…
later shape the nations view on what is right and wrong. In both Chile and Argentina a transitions occurred to a democracy, but in two different ways; one, a ruptured transition and the other pacted. Both countries face the issue of truth and accountability in society; an issue…
to make sure that every customers transaction that passes through the system is secure against attacks. That is a pretty big feat, but in today’s world it is a necessary evil that has become one of the biggest concerns faced by corporations. Accountability, in a security sense, is a set of goals that place emphasis on how a company will handle and protect themselves from a security breach. Many companies in the past, have learned hard lessons…
principles of professional conduct that conform to teaching profession include ethics, accountability and integrity. Ethics is the basic principles of the right action and rules of conduct (Chapman, 1993). Halfon (1989) describes integrity in terms of a person’s dedication to the pursuit of a moral life and their intellectual responsibility in seeking to understand the demands of such life. On the other hand, accountability is an ethical concept concerns proper behaviour, and it deals with the…
The benefits of the Sarbanes-Oxley Act are that it created greater accountability by top management and board of directors to employees (Thorne, O. Ferrell, & L. Ferrell, 2011, p. 156). The greater accountability will force a business to provide an investment to the stakeholders rather than collect excessive compensation and other benefits (Thorne, O. Ferrell, & L. Ferrell, 2011, p. 156)…
student had a reason on why she was late to class it was valid and not just a “bullshit reason.” This example can also be used with the argument that even when people use reasons they are still taking accountability in their actions. Although that student was late to class she still took accountability on why she was late. Another example of this is explaining why an athlete couldn’t make it to a game. Say there was a big game coming up and the star player stayed up late the night before and…
final thing that the Proidence Health Care should consider is having a culture that encourages responsibility and accountability. For the healthcare to work on their values, one of the thing that both the patients and the staff must exercise is high level of accountability. There is a need that the company should also organize its organizational and clinical culture for both accountability and responsibility to be institutionalized. With the above mentioned critical factors, there is a great…
In order to evaluate it for effectiveness, the Accountability Bridge Model was utilized. This allowed for the counselor to determine what stakeholders needed from the program, provided a platform to implement it, and allowed for evaluation and further modifications as needed. Cymeric Middle School’s evaluation…
Strategies are plans and visions a company constructs which will enable them to be successful and set apart from their competitive companies. In order for companies to be successful in developing a strategy they need to understand what forms the industry competition. There are five forces that form strategy. These include the threat of new entrants, threat of substitutes, bargaining power of customers, bargaining power of suppliers, and industry rivalry. A company can utilize these five forces…