Capstone Discussion Question Essay Example

Capstone Discussion Question Essay Example Capstone Discussion Question Essay Capstone Discussion Question Essay Essay Topic: Discussion In the wake of accounting scandals over the past several years, how has the As urbane-Cooley Act (SOX) of 2002 affected the practice of accounting? What is the role of internal controls in complying with SOX (2002)? The Serbians-Cooley Act (SOX) of 2002 is an act pass by the Congress of the United States in the year of 2002 with the intention to protect investors in case of a possible fraudulent account act which normally are conducted by the organizations. This act gave a strict reforms to organizations to follow, by doing so it help to prevent accounting fraud and improve disclosure made by mom organizations. The act was the result of multiple accounting scandals such as Tycoon, World and Enron in the year of 2000. These scams resulted in the loss Of confidence Of the investor in the financial Statement and demanded the need for regulations. By introducing the Act, there were various compliance, regulatory measures which increased the amount of information that the organization needs to supplied the government authorities, which it also led to the changes in the accounting mechanism of the organizations. The act also requested that the organization needed to roved with more detailed application of accounting standards and differential reporting of segmental analysis, and expenses. All accounting transactions are now require to have a more professional approach and analytical by the accounting department of the organizations. The final report also has been increased, the correct classification of the expenses and the income should always be done after making the deterministic approach rather than the facie approach. The introduction of SOX in 2002, made accounting an ongoing process to carry through the year and it also returned organizations with a higher fees as compare to Pre-Sox periods.

Ozone Alert Days and Warnings

Ozone Alert Days and Warnings Ozone is a pale blue gas with a distinctively pungent smell. Ozone is present in low concentrations throughout the  Earths atmosphere  (stratosphere). In total, ozone makes up only  0.6  ppm (parts per million) of the atmosphere. Ozone smells similar to chlorine and is detectable by many people at concentrations of as little as  10  ppb (parts per billion)  in the air.   Ozone is a powerful  oxidant and has many industrial and consumer applications related to oxidation. This same high oxidizing potential, however, causes ozone to damage mucus and respiratory tissues in animals, and also tissues in plants, above concentrations of about  100  ppb. This makes ozone a potent respiratory hazard and pollutant near ground level. However, the  ozone layer  (a portion of the stratosphere with a higher concentration of ozone, from 2 to 8 ppm) is beneficial, preventing damaging  ultraviolet light  from reaching the  Earths surface to the benefit of both plants and animals. Unhealthy Ozone Ozone depletion may be a common news story, but many forget about the dangerous formation of ozone at ground level. The Air Quality Index (AQI) in your local weather forecast may often issue an unhealthy warning based on ground level ozone measurements if ground-level ozone is going to affect people in a particular area. All persons in an area are advised to be on the lookout for health effects related to ozone pollutants when a warning or watch is issued. The Environmental Protection Agency (EPA) warns that although ozone in the stratosphere protects us from harmful UV radiation, low-level ozone is dangerous. Infants, children, and those with respiratory problems may be in particular danger. What Causes Ground-Level Ozone Ground-level ozone is caused when the sun reacts with pollutants from cars and industrial plants to form ozone at or near the surface of the earth. The sunny weather you enjoy in many parts of the world may, unfortunately, be increasing the chances of the formation of ground-level ozone. Summertime is especially dangerous in many traditionally sunny areas, especially those areas with large populations. The EPA issues warnings and advisories for five major air pollutants. ground-level ozoneparticle pollutioncarbon monoxidesulfur dioxidenitrogen dioxide Ozone Alert Days According to associate writer Fred Cabral, â€Å"Ozone ignorance is a problem. Many people do not listen to the warnings given by local forecasters on the dangers of ozone.† While interviewing locals in the area, Cabral discovered 8 reasons why people choose to ignore â€Å"Ozone Alert Days†. Avoiding complacency is key to being safe from the dangers of ozone, Fred indicates, and people should not become complacent about the issue. After multiple street interviews, Cabral has investigated the ways to remain safe. In fact, ozone alert days (sometimes called ozone action days depending on where you live) are days when high heat and humidity cause unhealthy and unsafe levels of air pollution in the ozone layer. Pollution levels are monitored via the Air Quality Index, which was designed by the Environmental Protection Agency (EPA) so that cities and states can measure and report levels of pollutants in our air.