Sarbanes-Oxley Act of 2002 Research Paper Example | Topics and Well Written Essays - 1250 words

Sarbanes-Oxley Act of 2002 - Research Paper Example The Sarbanes-Oxley act of 2002 is actually named â€Å"Public Company Accounting Reform and Investor Protection Act†. As such, the act sought to change the way in which top management, accounting firms, and investors interacted with one another. By certifying the legitimacy of information, the framers of this act sought to correct many of the issues that had seemingly plagued auditors and oversight committees for years. The first of these changes can be described with regards to the creation of a public company accounting oversight Board (PCAOB). Much as the name implies, this particular entity is required as a means of providing a level of oversight with respect to the registration and analysis of compliance that audits and auditors are able to put forward. Through such an entity, the overall level of oversight that auditors and committees can affect is drastically increased; tangentially leading to a situation in which the potential for abuse is subsequently reduced. A further core component of Sarbanes-Oxley is with respect to what is known as auditor independence. By establishing key standards for auditor independence that help to limit conflicts of interest and promote the overall truthfulness, veracity, and reduction in bias, this particular complement of Sarbanes-Oxley is directed at restricting the level of integration that key firms can provide to another. For instance, prior to Sarbanes-Oxley, it was perfectly legal that a particular accounting firm could also serve the joint function of consulting with the same firm that they were hired to analyze and recommend key accounting practices/approaches (Gupta et al., 2013). Naturally, the conflict of interest within such a case is profound and creates a situation in which either the accounting procedures and/or the consulting would be adversely affected by the conflict of interest

Socio-Economic Forces behind the Korean obsession with Plastic Surgery Essay - 35

Socio-Economic Forces behind the Korean obsession with Plastic Surgery - Essay Example From this study it is clear that traditionally, the Korean female ideal was one of submission and subjectlessness. Confucian men were encouraged to engage their minds and expand their territories while women were confined to domestic roles. Therefore, any alterations of the physical body would be done for the benefit of the male. However, times have changed; women in South Korea are now equal participants in the economy. They are well educated and career-driven. Therefore, a number of them now reject these traditional definitions of womanhood. As the study outlines Korean women today are highly empowered and now regard personal gratification as a priority in their lives. They want to feel better in their skin and will go for surgical procedures in order to satisfy themselves. Fairclough explains that most South East Asian women are accused of having sleepy or dull eyes. They thus seek to widen their eyes in order to have a youthful look. These individuals simply believe that they will have more fun if their eyes pop. Some critics claim that these surgeries perpetuate negative body self examination. However, most of these women go for body alterations voluntarily. Furthermore, a number of them already had negative views of themselves; therefore, surgeries are a solution that enhances their self image. One of the subjects in the above article affirmed that eye surgery allowed her to enjoy eye makeup more. In the past, this was not possible because of excess fat on the eyelids. Therefore, the subject explained that the surgical decision was not done to please anyone. Instead, it facilitated her own satisfaction with her body.