Sarbanes Oxley Act Essay Example | Topics and Well Written Essays - 1000 words - 1

Sarbanes Oxley Act - Essay Example porting, whistleblower policy, internal policies on executive loans and compensation and external auditor independence can have a positive impact on the nonprofit entity as it contrives to preserve and, even, enhance the trust and confidence the public and its community have on its nonprofit activities. Small businesses, on the other hand, have pointed out the prohibitive costs of implementing the SOX requirements and that the benefits derived from implementing these requirements are much less than these costs. However, there is also positive impact of SOX requirements on small businesses. Small business owners who adopt the SOX requirements may find their competitive advantage increasing, easier access to new capital or loans, more efficient handling of family-related governance issues and an increased opportunity to deter, discover and deal with fraud. With the various accounting and corporate scandals that surprised and shocked the whole business world, the regulators, the stakeholders and the private sector, in general, are all clamoring for more transparency and accountability, as well as a more ethical way of conducting businesses, for the various entities. The passing of the Sarbanes Oxley Act is viewed as an important step towards the improvement of these aspects. The SOX is geared towards the publicly-listed, oftentimes large, companies due to their large impact on the economy (in general) and their stakeholders (in particular). However, it is also worthwhile to note that, according to Cynthia Reaves (n.d.), a practitioner in the areas of tax-exempt organization law, the â€Å"inappropriate financial management practices† that were present in most of the companies embroiled in these scandals may also occur in nonprofit entities. McGladrey & Pullen, Certified Public Accountants (n.d.) also pointed out that nonprofit e ntities â€Å"interact with or impact a significant portion of the population†. Based on these, it can be inferred that the SOX also has an

Reading Response Questions to Chapter 10 and Human Sexuality article Essay

Reading Response Questions to Chapter 10 and Human Sexuality article - Essay Example Christians need to know how to deal with their sexuality and their sexual expression until they finally engage in sexual intercourse in marriage (Boone, 2010). Most Christians no longer believe their bodies are the temples of God as indicated in the bible. They believe one does what they want to with their bodies. This is sinful according to Christianity. Doing what they want with their bodies include having multiple sexual partners is considered adulterous in marriage, and prostitution before marriage (Boone, 2010). Christians abuse the gift of sex that was given to them by God. They dress inappropriately when going to church, as the dressing is usually sexually oriented. Seducing men by one’s dressing code is not an appropriate behavior for Christians. Today, sex does not determine the term of a relationship. One can have sex before and then define their relationship later or even consider it a one-time thing. Other people also opt to benefit mutually from each other. They are friends and they satisfy each other’s sexual desires. This is very wrong because sex should be special to both the male and female parties. This means it should not be done for the mere excuse of satisfying physical desires (Boone, 2010). People who view sex as not special and will do it according to the desires of their bodies end up not building relationships in their lives. This is because they do not know what love is and they do not understand the role of intimacy in a relationship. Homosexuality and the fact that the society is increasingly accepting it is a challenge to many. God asked Adam and Eve to go into the world and procreate. This was the sole purpose of sexual intercourse according to the bible. A man and another man cannot procreate. This is a contradiction to God’s orders to keep sex sacred and use it for procreation. The other thing