Sarbanes-Oxley Act of 2002 ACC 100 03/11/11 Sarbanes-Oxley Act was drafted by Senator Paul Sarbanes and Representative Michael Oxley and was signed into law by President George W. Bush on July 30‚ 2002. The Sarbanes-Oxley Act is arranged in eleven titles‚ compliance in hand it is focused on sections; 302‚ 401‚ 404‚ 409‚ 802‚ and 906. The Sarbanes-Oxley Act was the outcome of the aftermath of the Enron‚ Tyco‚ and WorldCom scandals. The Sarbanes-Oxley Act (SOX)‚ was to prevent corporations
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For years‚ millions of people have used a form of information and communication technology (ICT) such as a cell phone or computer to make a phone call or access the internet. For much of the 21st century‚ while making a private phone call or writing a private email‚ it was just speculation that someone else could be listening in or reading your inbox. That was the case until early June of 2013 when the world got confirmation that there was mass surveillance being conducted by the National Security
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of the lack of reporting complaints and took this information to top management and was told to be quite about his findings. When he did not comply‚ he was later fired. He sued the company under the “whistleblower-protection” act of Sarbanes Oxley. Whistleblowing is the act of an employee exposing a company’s misconduct‚ illegal activity‚ or threats to public interest. The SOX act specifically grants protection to whistleblowers of publicly held companies when there are federal offenses including
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Silkwood Whistleblowing means that someone is using their ethical standards to tell on some unethical procedures or practices at work or at home. It is sometimes hard to decide when to blow the whistle and it all depends on someone’s own ethical standards. Some companies know about the wrong doings‚ but rather ignore it then try to fix it. They expect employees just to keep working and not say anything about the unethical issues that occur. Most of the companies that have unethical issues know
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Chee Chin‚ 1998). The History of the Sarbanes Oxley Act of 2002 The Sarbanes Oxley Act (SOX) of 2002‚ also known as the Public Accounting Reform and Investor Protection Act was introduced by Senator Paul Sarbanes and Representative Michael Oxley. The act was passed on July 2002 in reply to several reasons. The Sarbanes Oxley Act was created to form new values of corporate responsibilities and forfeits for acts of misconducting. The Sarbanes Oxley Act specifies new financial responsibilities
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Explain using the ethics of cultural relativism the advantages and disadvantages of whistle blowing Cultural relativism is the principle regarding the beliefs‚ values‚ and practices of a culture from the viewpoint of that culture itself (Chegg.com: 2012). It is the concept that the importance of a particular cultural idea varies from one society or societal subgroup to another and that ethical and moral standards are relative to what a particular society or culture believes to be good or bad‚ right
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should be construed broadly to capture any obstructive conduct happening seamlessly from the time the crime occurred‚ during the investigative stages‚ and through trial. In 2002‚ § 1512(c)(2) was enacted as part of the Sarbanes-Oxley Act of 2002 ("Sarbanes-Oxley"). Sarbanes-Oxley Act of 2002‚ Pub. L. No. 107-204‚ § 1102(c)(2)‚ 116 Stat. 745‚ 807 (codified at 18 U.S.C. § 1512(c)(2) (2012)). Before its enactment‚ § 1512(c)(2) was part of the Victim and Witness Protection Act of 1982 ("VWPA"). Victim
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Due Process Paper Introduction An important aspect of the justice system includes regulation with due process. Due process involves basic legal rights of the accused person‚ insuring that everyone gains a fair share in the legal system. There are many steps within this important process in order to develop the final outcome. These steps must be taken into consideration under The Charter of Rights and Legislation. The Due process of law exists everywhere in Canada where crime control and the
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"Due diligence" is a somewhat technical phrase used to describe a range of assignments‚ legal obligations‚ reports and investigations which take place in business‚ manufacturing and law. Its most frequently heard version is the one pertaining to business‚ where "duediligence" refers to the steps taken by venture capitalists before investing a round of capital in a startup‚ the ongoing investigation as to how the funds are being distributed‚ or the precautionary steps taken by a larger company in
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Due Diligence Legislation assignment #2 1. Where did the term “due diligence” come from‚ what case? The term due diligence came form the case Sault Ste. Marie‚ know as strict liability offences‚ by Supreme court of Canada. Due diligence and the strict liability were offered in response to the inadequacies of the existing criminal law‚ due to the actions that occurred in polluting the water source in Sault Ste. Marie‚ Ontario. “SCC”) in R v. Sault Ste. Marie‚ [1978] 2 S.C.R
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