ACCT301 Week 2 Homework 1. In two to three paragraphs‚ describe the Sarbanes-Oxley Act and why it is important to the accounting profession. (15 points) Sarbanes-Oxley Act was created in order to ensure that controls were implemented and monitored by the regulating authority. Congress wanted to make sure that there was a specific standard and guideline for companies to follow in order to prevent fraud at such a large scale. When followed correctly there are controls set in place that are internal
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Considering the many components that make up an organization’s internal controls‚ choose a specific internal control and explain in detail when and why it should be put in place. What is the controller’s role and level of involvement in this process? Support your choice with examples. Overall internal controls for an organization are crucial for sound financials and operations. It is management responsibility for maintaining adequate internal control and it should start at the top; either from the
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* Deterrence Singapore’s deterrence policy is based on being prepared for any form of threats while developing diplomatic relationships with as many countries as possible. Deterrence refers to the measures to prevent and protect a country from various threats such as other countries and terrorists. Deterrence is necessary to protect a country and to give people a sense of security. * 7. Means of deterrence: Military Defence Citizen armed force: Singapore cannot afford a large professional army
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offence through the criminals or individuals association. The intention is to analytically deliberate how specific criminological theories can be immersed within specific felonies. This essays main objective is to discuss the theory of Rational Choice Deterrence with brief insights into classical theory and discover the fundamental association within the offence of kidnapping. Kidnapping involves the theft of an individual with the desire of a cash settlement for their survival or‚ a ransom. Over the centuries
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The deterrence model is the idea that the fear of punishment will prevent criminals or potential criminals from committing a crime. There are two different types of deterrence‚ which are general and specific. General deterrence is the preventing crime among the general population. The general public includes only those who have not committed a crime before. Specific deterrence is trying to prevent a specific group of people or specific person from committing a crime in the future. The deterrence model
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Today’s criminal system has four justifications for punishment; these justifications for punishment are Retribution‚ Deterrence‚ Rehabilitation‚ and Social Protection. Retribution: “an act of moral vengeance by which society makes the offender suffer as much as the suffering caused by the crime‚” Deterrence: “the attempt to discourage criminality through the use of punishment‚” Rehabilitation: “a program for reforming the offender to prevent later offenses‚” and Social Protection: “rendering an offender
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Philosophy of Punishment: Deterrence General and Specific Sentencing Model: Indeterminate Sentencing For the philosophy of punishment I chose deterrence‚ specifically because of the goals and benefit this philosophy. The deterrence punishment is divided in to two separate categories. First on is the general deterrence‚ the goal of general deterrence is to prevent non-offenders (those who’ve not committed a crime) from committing crimes by exposing non-offenders to the reality
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The issue of whether decision making by criminals is a rational process is a heated topic of discussion when one asserts that crime is the role of choice. Before the classical school of criminology‚ crime was thought to be the product of the paranormal occurrence of demons‚ witches‚ ghouls‚ and other creatures. The time prior to the classical school of criminology‚ called the preclassical era‚ is divided in two parts. Before the time of state intervention into private matters‚ each individual dealt
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Delinquency Deterrence Punishment for violating the laws can be lenient or they can be harsh‚ and they can be used to prevent others from committing crimes as well as deterring people from becoming repeat offenders. People assume that juveniles are not rational beings; meaning that they do not know the difference between right and wrong and that they do not understand the consequences following their actions‚ however that assumption is wrong because juveniles can be deterred from committing
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Deterrence of Crime
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