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f the federal law in achieving its objectives and aims 4) inspecting the implementation of the law’s tenets in the scenario 5) conducting an evaluation of the federal law and 6) providing recommendations for improving the scope of the federal law and enhancing its effectiveness.
The Sarbanes-Oxley Act of 2002 or SOX, which is also termed as the ‘Public Company Accounting Reform and Investor Protection Act’ as per the Senate and known as the ‘Corporate and Auditing and Accountability and Responsibility Act’ as per the House is a federal law which was sponsored by United States Senator Paul Sarbanes (D-MD) and United States Representative Michael G. Oxley (R-OH) (Zelizer, 2002). The historical context of the Act is associated with an increase in the incidence of high-profile accounting scandals that marred several corporations across the United States namely Enron, WorldCom and Tyco International amongst several others in the period preceding the inception of the federal law and its tenets (Act, S.O, 2002).
The consequences which followed the scandals that targeted key organizations across the nation greatly affected investor’s confidence in securities markets of the country and led to the incurrence of significant loss on the investor’s part which amounted to billions of dollars (Act, S.O, 2002). According to Miller and Bredeson (2009), individuals’ financial trends are characterized by their monthly income and since most individuals within the United States are unable to save on an extensive scale because of minimal salaries or working on legal minimum wage, those who are still able to retain a certain percentage of their income on a monthly basis seek to secure their savings in a reliable source. In the given situation, investing in corporate stocks to benefit from high returns appears to be a viable option that is also secure in comparison with other alternatives (Miller and Bredeson, 2009). The attractiveness of investing in corporate stocks is
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Bush. NCLB requires equal treatment of all students attending schools that are run by the government and are funded through federal money. Under this, the Act requires an annual state-wide administration of standardized test to all students attending the government-run schools (Lowe and Kantor, 2006).
These policies mainly facilitate the commitment of organizations and ensure sustainable fiscal development (O’Connell 1). Governmental institutions are undertaking initiatives that will enhance the social accountability of corporations to employees and the immediate environment.
However, according to the blogger’s opinion, the associated federal prosecution of child pornography may have significant variation with the same charge linked with sexual exploitation of children in Colorado. These cases are subjects to broad range of interpretations, but what seems clear is the point that the internet has become one of the major platforms used for a vast child pornography and exploitations that are going viral on a fast pace.
This has been disclosed in terms of the individual money and total money that is contributed towards the scheme. Nevertheless, I think it would be better for more information to be sent directly to the individuals who are covered by the scheme so that they can count the money which is being directed towards their retirement plan.
According to the Controlled Substances Act, it is considered a Schedule I substance and therefore its usage is illegal. Data have suggested that marijuana is by far the most widely trafficked drug all over the world. Its major benefit lies in the fact that, it induces relaxation and heightens the senses of its consumers.
With the economies of scale created, they remain to dominate the market by use of improper ways. A lot of fraud goes on in the market and therefore the authorities have to come up and pass measures that will create a balanced market for all parties. This paper seeks to analyse the Sarbanes-Oxley act of 2002.
The key parts of this policy have been designed to effectively address the quality and cost. The most important advantage of the suggested policy is the incorporation of strategies that benefit all stakeholders. It is concluded
The concept of public opinion holds that the rulers will rule based on the greater happiness of the majority, since a public opinion will indicate what the majority stands for, regarding the issues of governance. The concept of public opinion entails the setting of an agenda
The Canadian government encourages an aggressive approach towards climate change which achieves real economic and environmental benefits for all the Canadians. The climate change causes as well as its impacts on
The ban followed a U.S. Food and Drug Administration (FDA) lifetime blood donor deferral policy. This blood drive ban at San Jose State University had certain far-reaching effects that include positive and negative impacts. This paper is an
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