(SOX) act‚ was enacted in 2002‚ in the wake of large accounting scandals ENRON and WORLDCOM .Especially for SMEs (small to mid-sized enterprises) that can benefit from implementing the control objectives‚ for governance‚ compliance and improved security. SOX compliance did not gave detailed requirements for IT compliance‚ therefore many auditors adopted COBIT and COBIT guidelines to comply with SOX. This research discusses the latest sox developments in the SME‚ key findings from ISACA study and COBIT
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Question No. 1 Answer: Affordable care act which is also called as Obama care act is a very hot topic for discussion regarding its benefits and drawbacks. Both advantages and disadvantages of affordable care act are visible to every person. Based on the disadvantages of affordable care act‚ it should be repealed. The repealing of affordable care act will bring many advantages. There are many reasons of repealing of affordable care act such as it has cause a huge increase in spending for healthcare
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The Children Act 1989 states that in matters concerning the upbringing of a child "the child ’s welfare shall be the court ’s paramount consideration". Introduction This essay will critically evaluate the extent to which if at all the principle that "the Childs welfare shall be the courts paramount decision." The critical analysis of this will be done in context to health care and children. The discussion will include current relevant statute law not only from English courts‚ but also law and legislation
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early prevention and intervention was needed. One policy that could of have been beneficial to Liz is the McKinney-Vento Act. According to Housing and Urban Development (HUD)‚ the McKinney-Vento Act assists homeless people with regaining independence‚ permanent housing‚ and addition housing services at reasonable costs (National Coalition for the Homeless‚ 2006) The McKinney-Vento Act was established in 1987 consisting of 9 titles which includes a wide variety of programs inclusive of housing and services
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2002‚ Congress passed the Sarbanes-Oxley Act‚ known in the industry as SOX‚ as a measure to improve transparency in financial accounting and to prevent fraud. SOX consists of 11 chapters‚ or titles‚ which establish wideranging new regulations for auditors‚ CEOs and CFOs‚ boards of directors‚ investment analysts‚ and investment banks. These regulations are designed to ensure that (a) companies that perform audits are sufficiently independent of the companies that they audit‚ (b) a key executive in
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Solution Team 4 Spencer Sporting Goods 1. Sources of distress for Mr William Spencer: - Low cash balance because of the difficulties in collecting debts from clients - Pressure for prompt payments set by the suppliers - Fear that some of the suppliers can cancel Spencer’s exclusive regional rights - Losing discounts granted for prompt-payments - Keen competition from other distributors - Low performance of the partnerships
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Representative Michael Oxley drafted the Sarbanes-Oxley Act or "SOX" in 2002 in order to curb the incidence of corporate fraud. The “Act” was signed into law on July 30th 2002 by President George W. Bush with the express purpose of restoring public confidence in the financial markets; and after enacting “the Act”‚ neither Sarbanes or Oxley would run for re-election in the 2006 elections (Jahmani & Dowling‚ 2008). The intent of the SOX Act was to protect investors‚ and any other stakeholders in
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on the matter‚ Every Child Matters. This then produced The Children Act 2004 which is an update to the main legislation of the Children Act 1989 that covers the child protection. The Every Child Matters covers include children and young adults up to the age of 19 years and 24 years for the ones with disabilities. The Children Act 2004 focuses on 5 main points:- 1. Be healthy 2. Stay safe 3.
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Option 2 The Americans with Disabilities Act (ADA) was passed‚ in effort‚ to protect the hiring rights of disabled persons in the workforce. It sought to make the bigotry and prejudice that faced disabled people in the hiring process illegal and‚ also‚ to lesson the economic burden put on firms to accommodate disabled persons needs in the office by making it illegal to refuse to hire and accommodate to save money. The logic was that if all businesses must‚ then no business can gain a competitive
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According to Republic Act 5173‚ to ensure all safe passage of all vessels and watercrafts thru all navigable waters subject to the jurisdiction of the Philippines‚ the construction of all bridges over navigable waters has to be referred to the PCG for issuance of appropriate clearance‚ particularly confirming that the structure would not be hazardous to navigation. In addition to Republic Act 5173‚ the navigational span of the bridge should be provided in a way that it does not
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