Free

Federal Compliance Law - Coursework Example

Comments (0) Cite this document
Summary
The law strives to protect the investors by enhancing more transparency and accountability of investments. Every company has to disclose its accurate financial records, which depict their market value. Signatures from senior…
Download full paperFile format: .doc, available for editing
GRAB THE BEST PAPER93.5% of users find it useful
Federal Compliance Law
Read TextPreview

Extract of sample "Federal Compliance Law"

The Sarbanes Oxley Act The Sarbanes Oxley Act has changed corporate culture. The law strives to protect the investors by enhancing more transparency and accountability of investments. Every company has to disclose its accurate financial records, which depict their market value. Signatures from senior people in the companies should approve the documents (Zhang, 2007). The act is expensive as companies like General Electric Experts have spent more than thirty million dollars annually in order to comply with the law. The law has served to improve conduct and make financial statement better.
The law ensures transparency in the mapping out of money flow and checking information technology systems. This is helping big companies in winning investors but for the small companies the price is too costly. Also the compliance process is complex and long (Engel, Hayes, & Wang, 2007). This is causing companies to spend too much of their time in striving to get the certification, instead of focusing on more important strategies that are required for the businesses operation and growth.
I think the misconduct with regard to violation of securities laws continues because the crimes have existed since a long time ago. Violations like financial misstatement and financial fraud will not stop because they involve a lot of money which is very tempting to people. It is also very difficult to stop these crimes because the happen worldwide in the web (Romano, 2005). This makes it hard for the security police to stop all of them. All companies can do it put themselves in positions which will protect them from such crime.
References
Ellen Engela, R. M. (2007). The Sarbanes–Oxley Act and firms’ going-private decisions . Journal of Accounting and Economics, 116-145.
Romano, R. (2005). The Sarbanes-Oxley Act and the Making of Quack Corporate Governance. Faculty Scholarship Series.
Zhang, I. X. (2007). Economic consequences of the Sarbanes–Oxley Act of 2002 ☆. Journal of Accounting and Economics, 74–115. Read More
Cite this document
  • APA
  • MLA
  • CHICAGO
(“Federal Compliance Law Coursework Example | Topics and Well Written Essays - 250 words”, n.d.)
Federal Compliance Law Coursework Example | Topics and Well Written Essays - 250 words. Retrieved from https://studentshare.org/social-science/1662348-federal-compliance-law
(Federal Compliance Law Coursework Example | Topics and Well Written Essays - 250 Words)
Federal Compliance Law Coursework Example | Topics and Well Written Essays - 250 Words. https://studentshare.org/social-science/1662348-federal-compliance-law.
“Federal Compliance Law Coursework Example | Topics and Well Written Essays - 250 Words”, n.d. https://studentshare.org/social-science/1662348-federal-compliance-law.
  • Cited: 0 times
Comments (0)
Click to create a comment or rate a document

CHECK THESE SAMPLES OF Federal Compliance Law

Identify the federal law that governs Protected Health Information (PHI) and briefly discuss the elements of compliance. Describ

...?Protected Health Information HIPAA, the Health Insurance Portability and Accountability Act of 1996, was a piece of legislation that regulates the way health insurance information is protected, stored, and communicated. Title I regulates the availability and scope of individual health insurance plans; it was created to protect health insurance coverage for workers transitioning between jobs and unemployment. It provides entitlement for individuals to receive certificates of continuous coverage from their health insurance plans even in transition between jobs. Title II is the Administrative Simplifications provision that dictates safeguards and ways sensitive health care information must be coded, released, and distributed. In all...
2 Pages(500 words)Term Paper

Federal law enforcement

...Federal Law Enforcement Terrorism can be considered as one of the most important and critical issues in the present American society due to the detrimental effects that such actions can bring about to the members of the society. In effect, the work and role of the federal law enforcement come into view when such issues are taken into consideration. The main focus of the study undertaken is to be able to focus on the law enforcement in relation to the occurrence of the World Trade Center tragedy in New York referred to as the 9/11 tragedy. Included in the main objectives of the study is to be able to present the actions and improvements in security...
7 Pages(1750 words)Essay

Employment Law Compliance Plan

...Memo October 26, Memorandum Tracie Goldeman Manager Atwood and Allen Consulting Employment Compliance Plan I am writing this memo in line with the request you presented to me to have an employment compliance plan for your customer Jason Galvan who is intending to open a branch of his enterprises in India. I have gone through the email chat you presented to me and using the information I have and the laws of the land I shall be able to advice appropriately. Just to mention, it is very important to heed the employment compliance laws when dealing with any client to avoid being at loggerheads with the law. In case this is not done, any...
4 Pages(1000 words)Essay

Choose a federal law

...) which is also referred to as Public Company Accounting Reform and Investor Protection Act, refers to the US federal law that aims at enhancing performance and standards for all United States public companies boards, accounting firms and managements. The act, which was approved by the house in 2002 after 423votes were in favor and President George Bush signed it into law, aims at curbing the corporate and accounting standards that were experienced in US for example the Worldcom and Enron. After the implementation of SOX, similar regulations were enacted in countries such as Canada, France, Germany, Australia, Japan and India among others. This policy paper will identify the history of...
15 Pages(3750 words)Research Paper

Financial regulation, law and compliance

...Financial Regulation, Law and Compliance By Introduction The UK government was forced to intervene and provide public funds to recapitalise some struggling lenders in an effort to manage the pressures of the global financial crisis 2008-09. The public funds used to save banking industry (or the bailout money) represented an equivalent to £2,000 for every person in UK. It was one of the major reasons that have marred consumer perception of the UK financial services industry, leading to a breakdown of trust. This paper will explore more factors that have contributed to consumer distrust in the UK financial services sector. The paper will also discuss why trust is considered inevitable in the financial...
12 Pages(3000 words)Essay

Compliance

...Compliance al Affiliation) The 2002 Sarbanes-Oxley Act (SOX) sought to curb financial ment fraud in American public companies. SOX define the executive’s financial and accounting responsibility. Wobbly Wheels (WW) Distribution Company is vulnerable to SOX compliance issue. The compliance issue might affect the company’s the information systems by defining the financial and accounting responsibility of the CFO. It might also determine the design of WW’s financial reporting requirements and financial reporting processes (Lane, 2011). SOX compliance issue might require the company to adopt and report on internal financial controls and procedures. Additionally, SOX might...
1 Pages(250 words)Essay

Federal Liability Law

...Federal Law Liability The Civil Act of 1871 took place during the era of reconstruction after the civil war. This Civil Act was passed by the Congress to defend the African Americans from the violence executed by the Ku Klux Klan which was a White Supremacist Group. In opposition to the Civil Act of 1866, the Southerners started an undisclosed organization which was known as Ku Klux Klan Act. This organization was founded in 1865 by a group of United Veteran. The chief objectives of this organization were to prevent the black African Americans from voting by annoying and assassinating them in order to create a panic. They also started destroying the properties of the Black Americans so that they can accomplish their objections... and...
4 Pages(1000 words)Essay

Employment Law Compliance Plan

...Employment Law Compliance Plan al Affiliation Memorandum Landslide Limousine Atwood and Allen Consulting March 19, 2015 Subject: Employment Law Compliance Plan Texas is one of the states that have high regard for the rights of employees. As such, the state has enacted quite a number of employment laws that seek to ensure that the rights of employees are not violated by employers. However, apart from the state laws, Cascio (2013) notes that the employment in the state is also regulated by the federal laws. Noncompliance with any of the employment laws applicable in the state can attract...
6 Pages(1500 words)Essay

Employment Law Compliance Plan

...Employment Law Compliance Plan Memo Bradley Stonefield Traci Goldeman 12 April RE: Employment Law Compliance Plan I am pleased to bring into your attention the critical employment laws and their consequences for noncompliance as you look forward to starting your limousine service business in Austin, Texas. Employment laws are significant in every business, and act as guidelines for employers to ensure the protection of the rights of the employees. The laws protect the employers too. The local, state, and federal laws are in place to guide employment in the United States. Each state has...
2 Pages(500 words)Assignment

Federal vs State Law

...of some of the state laws were eventually put to light as seen in the case of Adams. Thus, the need to revise such laws that predetermined a suspect’s innocence or guilt was raised. Van Orden v. Perry Thomas Van Orden took Texas to the federal district court on the grounds that the Ten Commandments monument at the state capitol building an unconstitutional in that it violated the First Amendment's establishment clause (Unger 34). According to Orden, the law prohibited the government from passing laws that respected religious establishment. The district court and the Fifth Circuit Court of Appeals all ruled against Orden. Their argument was the same and...
2 Pages(500 words)Case Study
sponsored ads
We use cookies to create the best experience for you. Keep on browsing if you are OK with that, or find out how to manage cookies.

Let us find you another Coursework on topic Federal Compliance Law for FREE!

Contact Us