SOX Reforms Corporate America The Sarbanes-Oxley Act of 2002 (SOX) enacted July 30, 2002 introduced significant changes to financial practice and corporate management regulation. Passed in the wake of numerous scandals SOX is a complex piece of legislation that requires companies to make major changes to bring their organizations into compliance (Bumgardner 2). Many believe this act has not proven worthy and will not change effect in the business world, but I think this act will help businesses and outside investing. The act holds top executives personally responsible for the accuracy and timelines of their company’s financial data — under threat of criminal prosecution. Sox address weaknesses with internal issues, requiring yearly
Microsoft Corporation. Annual Report 2010. Retrieved September 26, 2011 from www.microsoft.com/investor/reports/ar10/10k_fr_inc.html. Paxton, N. & Hoover, J. (2011, July 19).
General OneFile. Gale. Trident Technical College. Web. 26 Oct. 2009 Wilson, August.
"News." 10 March 2010. suntimes.com. 26 March 2010 . Evans-Pritchard, Ambrose. "Finance/Comment."
So we ask “why?” What was the motivation of the government to cause or allow such an awful thing to happen? Skeptics found a few ways that our government might have benefitted from the attacks of September 11th, specifically in two main areas. After 2001, our government spent billions of dollars each year on upgrading security for airports, the Navy, the Army, Marines, Special Forces and other military, defense and security based industries in the U.S. This would have been a major benefit to the government to boost their military, receive funding and support from other countries and most of the scared citizens of the U.S. that want anything and everything it takes to protect them from terrorists. The other benefit our government received had to do with the changes caused in the economy when the 9/11 terrorist attacks happened.
Research Report of Federal Accounting Standards Advisory Board, October 2003. Capital and Operating Leases. The remainder of the memorandum provides our analysis and support for classification, initial measurement,
Publication Date: April 2003. Page Number: 28+. COPYRIGHT 2003 American Planning Association; COPYRIGHT 2003 Gale Group Figures Figure 1 [pic] Figure 2 |[pic] | |
How will the state deal with future budget cuts to high education in California? Sure this will solve the budget cuts in 7 years, what about after? How will the university system cope with handling more students entering each and every year? The tax increase targets the a group of people who makes over $250,000 a year in California. With the way the College and University system is suffering there won’t be any one making over $250,000 in the future if the proposition didn’t pass.
Hornfischer, James D. "Olympian Dreams, Homeric Suffering." The Wall Street Journal. 13 Nov. 2010. Web. 15 Nov. 2011.
Works Cited Baker, Nancy V. "National Security Versus Civil Liberties." Presidential Studies Quarterly 33.3 (2003): 547+. Expanded Academic ASAP. Web. 17 Nov. 2010.