The Importance Of Sarbanes Oxley Act - 1713 Words

MEMO To: Professor of ACG 1001 Writing Project From: Calvin Robinson CC: Date: June 13, 2016 Re: The Importance of Sarbanes-Oxley Act After several scandals that involved such major corporations as WorldCom, Enron and Arthur Anderson. President Bush signed the Sarbanes-Oxley Act of 2002 on July 30, 2002 which created after Senator Paul Sarbanes and Representative Michael Oxley. The act was created to regulate financial practices and corporate governance. It consists of 11 different sections or titles. It is aimed at protecting investors by providing accuracy and reliability of corporate disclosures and to help restore confidence within the investors. â€Å" Sarbanes-Oxley developed the Public Company Accounting Oversight Board, a private, nonprofit corporation, to ensure that financial statements are audited according to independent standards†.(Fass 2003) The first main aspect of federal legislation was the Securities Act of 1933, which was derived from the Market crash of 1929. In order to protect a company or a business it relies that each quarterly report financial issues has to be authorized and confirmed by the executive officer or chief financial officer. Therefore, companies are required to have an internal auditor that is certified by an external auditor. The Sarbanes-Oxley Act or SOX affects not only the financial corporations, but also IT departments that are in charge of storing electronic records for companies. The act states that the records should not beShow MoreRelatedSarbanes Oxley Act Of 2002 Essay1343 Words   |  6 PagesSarbanes-Oxley Act of 2002 The financial crisis of the early 2000s left many investors and stockholders nervous about the accuracy of financial statements issued by public companies. The financial crisis resulted after many previously successful companies suddenly tanked due to restatement of their financials. These companies include Enron, Tyco, Sunbeam, Rite-Aid, Xerox and WorldCom amongst others (Kieso, 2014, p. 17). How could many previously successful companies suddenly go belly-up? The evidenceRead MoreLjb Company Case1592 Words   |  7 PagesExternal Consultation to LJB Company EXTERNAL CONSULTATION TO LJB COMPANY Abstract A paper presented on the case study 2 review of LJB Company. The paper will address growing issues of Sarbanes-Oxley compliance, and business ethics in regards to Corporate Social Responsibility (CSR) and adherence to current regulatory federal mandates. Paper presents tools for consideration for tomorrow’s leaders and gives a general overview of internal control strategiesRead MoreThe Collapse Of Enron Corporation1547 Words   |  7 PagesAccounting Principles (GAAP) introduce the fall of the Enron Corporation due to the off-balance sheet arrangements, the role of mark to market and lastly, the manipulation of derivatives. When the United States Congress passed the Foreign Corrupt Practices Act (FCPA) on 1977, to not just prevent but to motorize financial irregularities in the market, and many violations in the accounting system. Enron was the most famous Corporation in American history to collapse. A major corporation created by acquisitionRead MoreSarbanes Oxley Act Of 2002 Essay1380 Words   |  6 Pagesfraud, Congress passed the Sarbanes-Oxley Act of 2002. The Sarbanes-Oxley Act is an accounting and business related law that was put into place to help boost confidence in financial accounting and financial markets (US Sarbanes Oxley Act). Some of its key provisions are that it requires the CEO and CFO to personally sign off on all financial statements, increases penalties for those who violate the act, and it protects whistleblowers (SOX 2002). Clearly, Sarbanes-Oxley can improve ethics in financialRead MoreFree Enterprise Fund Vs. Public Company Accounting Oversight Board700 Words   |  3 Pagescourt case in which the Petitioner accounting firm which was a non profit organization wanted to sue the PCAOB because they believe that the President had not control over the members of the board and threaten the separation of power law. The Sarbanes-Oxley Act, also known as SOX was to put in place to protect investors from fraud in accounting activi ties in corporations. The courts ruled that the separation of powers was not broken because The President of the United States can remove member of theRead MoreThe Sarbanes Oxley Act : A Direct Effect On Corporate Governance955 Words   |  4 PagesThe Sarbanes-Oxley Act has a direct effect on corporate governance, and it is the strengthening of audit committees at public companies. This audit committee members oversees the company’s the management accounting decisions and gain new responsibilities such as approving numerous audit and non-audit services, selecting and overseeing external auditors, and handling complaints regarding the management’s accounting practices (Blokhin, 2015). There has been increased attention to corporate governanceRead MoreThe Impact Of Sarbanes Oxley Act On Public Companies And The Market1336 Words   |  6 Pages The affects of the Sarbanes-Oxley Act on Public Companies and the Market Shareen Sidhu University of Maryland University College The Affects of the Sarbanes-Oxley Act on Public Companies and the Market The Sarbanes-Oxley Act of 2002 was implemented and designed to â€Å"protect the interests of the investing public† and the â€Å"mission is to set and enforce practice standards for a new class of firms registered to audit publicly held companies† (Verschoor, 2012). During the early 2000 s, the worldRead MoreQuestions On The Sarbanes Oxley Act1172 Words   |  5 PagesASSIGNMENT #2 Throughout our academic studies, we have been taught what the Sarbanes-Oxley Act is and what it represents. However, professors have left behind the topic of the Dodd-Frank Wall Street Reform and Consumer Protection Act of 2010 and have focused mainly on teaching about the Sarbanes-Oxley Act. In this paper I will further explain both of these fundamental terms, some of the major provisions of Sarbanes-Oxley Act and Dodd-Frank, and the pros and cons for some of the provisions targetedRead MoreSarbanes Oxley Act Of 20021635 Words   |  7 Pagesregulation named Sarbanes-Oxley Act of 2002 , also called â€Å"Public Company Accounting Reform and investor Protection Act† The main purpose of the act is to protect shareholders and general public from accounting errors and fraudulent practices in the enterprise, as well as improve the accuracy of corporate disclosures. (Mike Oxley 2002). Sarbanes-Oxley Act of 2002 is deemed to be one of the most virtual governance reforms and cor porate disclosure in the United States history. This act made it possibleRead MoreImportance of Ethics in Accounting1065 Words   |  5 PagesRunning head: IMPORTANCE OF ETHICS IN ACCOUNTING Importance of Ethics in Accounting Everest University Importance of Ethics in Accounting Accounting fraud is common but is not as trivial as the common cold; a typical organization loses annual revenues of nearly 5 percent to fraud. In addition, almost one-quarter of reported fraud is exceeding $1 million dollars. The accounting industry is constantly growing and changing. Consequently, difficult decisions have to be made every day.

Family Health Assessment - 2074 Words

Running head: FAMILY HEALTH ASSESSMENT Family Health Assessment Thresiamma John Grand Canyon University Family-Centered Health Promotion NRS-429V Stout, Kimberly March 11 2012 Family Health Assessment Introduction A comprehensive family assessment provides a foundation to promote family health (Edelman Mandle, 2011). 1987 Marjorie Gordon purposed 11 functional health patterns to use for guidance in order to facilitate nurses to have a frame work for the family assessment in. Gordon’s 11 functional health patterns help organizes basic family assessment information. This standardized format will guide nurses to complete the family assessment using system approaches, which will identify a patient’s†¦show more content†¦The sexuality and reproductive assessment helps describes sexual fulfillment, sexual perception, and sexual self –concepts. (Edelman Mandel, 2011). This assessment is focused on the satisfaction of one’s sexual life, and the changes that take place throughout a lifespan. Another pattern is the coping-stress tolerance pattern. This focuses on the family’s adaption to internal and external pressures related to their health, environment, a nd social status and how they cope with these pressures in their day to day lives. Finally, the last pattern is the values and belief pattern. Values and beliefs vary in different cultures. Therefore, the focus of this pattern is one’s attitude regarding the meaning of life, spirituality, and how these attitudes affect the family related health problems. (Edelman Mandle, 2011). Mathew’s Family Health Assessment An appointment was made with this family prior to the visit scheduled and the purpose of the visit and the role of this student nurse in health promotion and disease prevention through stages of family development was explained as an introduction part. The entire family was invited to participate in the discussion. The family was made aware of HIPPA violation and the responsibility of the nurse to keep all information shared confidential. Mathew’s family consists of him, his wifeShow MoreRelatedFamily Health Assessment : Family Assessment Essay1469 Words   |  6 PagesFamily Health Assessment Family is so important in the society and it is a blessing from God. Healthy behaviors learn from within the family and family member’s stimulus one to each other with health promotion practices. There fore, the health behaviors are very essential in the family assessment and which notifies health-promotion and disease-prevention. Within families, members will be the first one to learn about to promoting health. Families have impact on children’s lifestyle choices. The AmericanRead MoreFamily Health Assessment : Family Assessment1884 Words   |  8 Pages Family Health Assessment The family assessment involves a simultaneous data collection on individual family members or if able the whole family. The nurses and other healthcare professionals interview individuals and family as a whole to understand and assess the health of the family. This interview help professionals detecting the possible origin or factors contributes to the family’s health problems. The Gordon’s functional health pattern will be used as a model to collect and organizeRead MoreFamily Health Assessment1252 Words   |  6 PagesFamily Health Assessment A family health assessment is an important tool in formulating a health care plan for a family. This paper will discuss the nurse’s role in family assessment and how this task is performed. A nurse has an important role in health promotion. To perform these tasks the author has chosen a nuclear family. By the use of family focused open ended questions, 11 functional health patterns were covered. This principle is known as the Gordon’s functional health patterns.Read MoreFamily Health Assessment1375 Words   |  6 PagesFamily Health Assessment Using Gordon’s functional health patterns to assess a family will guide the nurse in developing a comprehensive nursing assessment that is holistic in nature. Gordon’s functional health patterns are founded on 11 principles that are incorporated within the nursing practice. These 11 principles serve as a framework for a thorough nursing assessment in which to build a holistic and individual family care plan (Grand Canyon University, 2011). The author has developed family-focusedRead MoreFamily Health Assessment1150 Words   |  5 Pagesremember the family has an important role in the paradigm of health promotion for the patient. The roles in which the family plays in assisting the patient and providing care are crucial to the health of the patient and the well being of the family as a whole. One tool to assess not only a patient and their views on different aspects of health, but an entire family or even community is Gordon’s Functional Health Patterns. This as sessment tool incorporates eleven topics of health patterns. Health patternsRead MoreFamily Health Assessment1461 Words   |  6 PagesHeritage Assessment: Evaluation of families, cultures and views on health Anniemae Stubbs Grand Canyon University Culture and Cultural Competency in Health Promotion NURS 429 Professor Alma Celaya June 19, 2016 Heritage Assessment: Evaluation of families , cultures and views on health Cultural Heritage is a concept that is passed on from one generation to the next that depicts how people live, act, behave, or think. It can be a noticeable or vague manifestation. It includes various customsRead MoreFamily Health Assessment1085 Words   |  5 PagesFAMILY HEALTH ASSESSMENT This assessment was conducted after interviewing the Nelson family using Gordon’s functional health pattern. Marjorie Gordon developed a method to be used by nurses in the nursing process to provide a comprehensive nursing assessment. It includes eleven principles for the collection of data and helps the nurse identify two or more wellness nursing diagnoses. It is a systematic and standardized approach to data collection (â€Å"functional health† n.d.)Read MoreHealth Assessment Of Families And Their Health1399 Words   |  6 PagesHealth is directly related to the activities in which we participate in, the food we eat, and the substances to which we are exposed to daily. Where we live and work, our gender, age, and genetic makeup also impact our health. (Nies, 2011) Assessments of family’s health are to help focus on the control and prevention of diseases. Health assessment assist in determining an individual’s perception of their quality of life along with the family’s perception as a whole. This also helps to define a person’sRead MoreFamily Health Assessment1465 Words   |  6 PagesFamily Health Assessment Family health and wellness can be influenced by many factors such as society, culture, religion, and family members. Somehow, society, culture, religion and families are connected to each other. To understand an individual, it’s important to understand the family system of an individual. Health practices, whether effective or ineffective, are activities performed by individuals or families as a whole to promote health and prevent disease (Edelman, 2010). A family healthRead MoreFamily Health Assessment1537 Words   |  7 PagesFamily Health Assessment Melody Moore Grand Canyon University NRS-429V Instructor: Renita Holmes May 10th 2013 Family Health Assessment A comprehensive family assessment provides a foundation to promote family health (Edelmanamp;Mandle, 2011).Gordon’s functional health patterns is a method developed by Marjorie Gordon in 1987 in which she proposed functional health patterns as a guide to establishing a comprehensive data base.(Kriegleramp;Harton,1992).Gordon’s eleven functional health

Ceo Safety Policy Statement Free Essays

Safety Policy Statement a. Safety is paramount in all flight operations. Company X manages safety risks related to its operations to as low a level as reasonably practicable. We will write a custom essay sample on Ceo Safety Policy Statement or any similar topic only for you Order Now Company X will manage safety through its dedicated commitment to implement and maintain Company X’s Safety Management System. This commitment includes the responsibility of both Company X’s management and employees to continuously improve the level of safety and never to become complacent when it comes to the safety of Company X’s operations. It is the joint responsibility of everyone connected within the flight operation to be proactive and ensure all safety hazards are identified, analyzed and, where possible, eliminated or avoided. When this is not possible, mitigation is developed, implemented and tracked to verify that the level of the associated risks are acceptable. It will also be the commitment of both management and of all employees to comply with all applicable regulatory requirements when conducting Company X’s Operation. . The purpose of the safety policy is to manage safety proactively and effectively. This is attained by utilizing the Company X SMS to: i. Identify and manage safety risks specific to the company’s flight operations. ii. Encourage employees to report safety issues without the fear of reprisal. iii. Collect and analyze information and feedback through the continuous improvement system so as to continually improve safety management activities. iv. When safety issues are discovered it is assumed that both management and the employees have shared responsibility and accountability in finding ways to fix the safety issues and in ensuring that the prescribed procedures to fix the problems are carried out and also to help notify the Director of Safety as to whether these procedures are working or not. v. Both management and the employees are expected to follow all safety procedures and policies of Company X including the reporting of all safety issues and hazards to the Director of Safety. i. The SMS program will also provide management guidance for implementing new procedures and processes to ensure that a high level of safety is maintained when these new procedures and policies are carried out. vii. The Director of Safety reviewing Company X’s safety objectives each month to ensure they are current and still applicable to Company X’s Operations. The Director of Safety will ensure that any safety objectives not meetin g current safety standards and goals will be revised as necessary. c. Company X’s safety policy also requires the full support of safety from top level management. Flight crew members, aircraft maintenance personal and others involved in the operation of Company X will always have the full support of the CEO as long as they operate professionally in accordance with company manuals and procedures. All company personnel have a duty to openly and honestly report events and hazards using the continuous improvement system. The CEO will ensure that all such reports will be thoroughly investigated in a non-punitive manner. The CEO of the company is ultimately responsible for: i. Sustaining conditions that promote the safe operation of company aircraft, ii. Ensuring that all safety related company positions, responsibilities and authorities are defined, documented and communicated throughout the company. iii. Define and publish which levels of management can make safety risk acceptance decisions in regards to company operations. iv. Providing the resources (in time and money) to assure the safe operation of company aircraft, and v. Actively supports the Safety Management System. How to cite Ceo Safety Policy Statement, Papers