SOX already prevents auditing firms from also providing consulting services. This is definitely a step in the right direction since Arthur Andersen was getting more revenue from consulting than from services Bumgardner, But other conflicts of interest situations still exist.
The sources of SO2 are natural sources such as volcanoes and manmade sources such as power plants and industrial sources that burn coal or fuel.
During the burning of fossil fuels 2 lb of SO2 is produced for each pound of sulfur present in the fuel. It can harm human, and animal lungs, as well as plants and trees. Sulfur dioxide is the main contributor to acid rain.
It reacts with the oxygen in the air to become sulfur trioxide, which then reacts with water in the air to form sulfuric acid. Acid rain can slowly kill both animal populations in lakes and rivers and trees and other plants by damaging leaves and root systems. It can deteriorate metal and stone on buildings and statues.
The effects of acid rain are not only local, but they can occur hundreds of miles from the sources of sulfur dioxide. Ozone Ozone is a gaseous, secondary pollutant and is formed during photochemical smog in the atmosphere.
If the air over the city does not move, pollutants become trapped close to the earth's surface forming smog and increasing ozone problems which can lead to breathing problems. High ozone levels at the ground level harm plants, including trees and crop plants, and causes the accelerated deterioration of materials such as rubber and fabrics.
There is another type of ozone problem which came to attention in late sixties. Concerns were expressed on the destruction of ozone layer due to the use of supersonic transports. Total Suspended Particulate Matter TSP is mostly a primary pollutant, but some of it is formed as secondary pollutant.
It consists of soot, dust, tiny objects of liquid, and other material. An increase in the incidence of respiratory diseases and gastric cancer has been linked with the increase in particulate level. The natural sources include volcanoes, forest fires, and desert land.
Some manmade sources are steel industry, power plants, and flour mills. Agricultural activities also contribute to TSP loading. Particulate gradually settle back to earth and can cause people to cough, get sore throats, or develop other more serious breathing problems.
Particulate matter also causes discoloration of buildings and other structures. Nitrogen Oxides Nitrogen Oxides are formed naturally by bacteria in soil and play an important role in plant growth.
However, nitrogen oxides that enter the air through exhaust from vehicles and some power plants can be harmful. They can combine with water to make acid rain, react in the air to produce ozone and other pollutants, or be harmful by themselves as a gas in the air.Essay on Sarbanes Oxley Act SOX Act of Sarbanes - Oxley Act Jordis Jones University of Phoenix June 15, Sarbanes - Oxley Act The Sarbanes - Oxley Act (SOX act) of is a legislation passed by the US Congress in response to a number of scandals in the world of financial markets.
The companies need to create proper standard internal control rules in order to meet SOX requirements, also a specific division to focus on internal control, which means the companies need to spend more energy and money on drafting and improving the internal control procedure, on hiring specialists of internal control and internal audit, on.
CHAPTER 1 Auditing There are generally two types of auditing, internal and external. Internal auditing is an activity, independent from the accounting function of a company, with the objective of providing assurance and consulting activities designed to add value and improve the operations of an organization.
In other words, the organizations have some fear of attack and some security measures. But there are additional vulnerabilities -- externalities -- that affect the public. In Step (2), regulators attempt to bring those externalities into the organization.
Aug 09, · Words: Length: 3 Pages Document Type: Essay Paper #: Sarbanes-Oxley Act The objective of this study is to read the guide to the Sarbanes-Oxley Act and to: (1) Evaluate the effectiveness of regulations such as Sarbanes-Oxley Act over minimizing the corporate fraud and protecting investors make one suggestion for improvement; (2) Given the oversight of the accounting .
May 27, · One suggestion for improving SOX is to avoid conflicts of interest. SOX already prevents auditing firms from also providing consulting services. This is definitely a step in the right direction since Arthur Andersen was getting more revenue from consulting than from services (Bumgardner, ).
But other conflicts of interest situations still exist.