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Final Exam

Although the act adds responsibility for the chief executives it benefit’s the public shareholders and protects them from unethical business transactions. The executives are placed in a position where they can easily fall prey to accidental false records or records that are misreported by someone else. Executives could find it difficult to track company spending on lower levels and ensure that all transactions are being reported.
Without security, investors will not place trust in a company they do not have accurate reports on. This also gives investors the sense that rather than having their money controlled by one person, they have a say in their money and they have a right to see where the money goes and where it grows. This security encourages investors to place this money in these companies once again.
2. If someone was reading my CAT scan from halfway around the world I would have mixed feelings. I would be impressed and feel pride in the fact that we have advanced our technology enough to have the ability to accomplish something like this. I also think it would be a great way to access other opinions. If the doctors in my area are unfamiliar with certain conditions, having access to other information sources or doctors with various experience can be very positive. I might be diagnosed or healed faster if the doctor is familiar with the type of symptoms I have. It also gives the chance for medicine to grow faster as a whole with the exchange of ideas and experiences.
On the other hand, if someone over there is reading my CAT scan, then someone over here is not. As long as there are qualified physicians near me who have the same level of expertise, the job should be left to them. If the doctor across the way does it cheaper, more hospitals will be inclined to hire doctors in foreign countries and our own doctors will be out of jobs or suffer significant salary decreases. If I was certain that this type of ...Show more

Summary

Supporters contend the Sabanes-Oxley Act of 2002 was necessary and has played a useful role in restoring public confidence in the nation’s capital markets by, among other things, strengthening corporate accounting controls. Opponents claim it has reduced America’s…
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