THE LEGAL, ETHICAL, AND TECHNOLOGICAL CONCERNS OF THE...

New advancement in technology has made it easy for many CEOs to have the opportunity to loot their companies, and to engage in accounting irregularities. Technology has made improvements to the way a company does business with others, and also it has opened up ethical concerns for the way a company conducts their business. â€Å"Recently, accounting professionals have been placed under immense pressure by changes in the size and scope of financial markets† (Love, 2007 para. 1). Companies use the financial reporting system to communicate the financial effects of the company to outsiders (Love, 2007). This paper will discuss the legal, ethical, and technological concerns of the accounting, and financial reporting of businesses. A concern†¦show more content†¦Enron, a multinational company avoided showing their true financial statements for several years with the help of their auditor. Arthur Anderson, the company’s auditor signed off on the validity of the c ompany’s accounts despite the inaccuracies in the financial statements (Accounting ethics, 2011, para. 12). As a result of Arthur Anderson engaging in unethical practices, Enron’s shareholders lost their money when the company went into bankruptcy, Arthur Andersen employees lost their jobs, and the company went out of business (Accounting ethics, 2011, para. 12). Another example is Adelphia founder, and former CEO John Rigas. He was found guilty of looting Adelphia in 2005. (Mallor, Barnes, Bowers, Langvardt, 2010). Rigas, along with his son, and CFO Scott, was accused of using the company as their on private ATM to provide fifty million dollars in cash advances, buy 1.6 billion in securities, and repay 252 million in margin loans. As a result of their crimes Rigs received fifteen years in prison, and his son, and former CFO Scott, received twenty years in prison (Mallor et al., 2010). As a response to these major accounting scandals new reforms, regulations, and calls for higher education have been introduced to deter any individual from engaging in unethical behavior. According to Love, (2007) the Securities and Exchange Commission (SEC), the Financial Accounting Standard Board (FASB), and the Public Company Accounting Oversight Board (PCAOB) were

Analysis Of The Atlanta Compromise Speech - 1112 Words

It was during the Recreation Period when the rights of the blacks were not the same as the whites and made their lives difficult. Segregation was very common at the time. It affected many of the black society, including Booker T. Washington. He was a major contributor to the end of segregation, and in 1895, he delivered the Atlanta Compromise Speech. He believed that with the hard work of the blacks, that they would earn and gain the respect of the esteemed whites. The main idea of The Atlanta Compromise Speech was that blacks should obtain social responsibility and need to work from the bottom to top to achieve this. Booker T. Washington’s speech was given to persuade the citizens to end the idea of segregation and promote cooperation†¦show more content†¦The further into the speech he got the stronger the points were. This developed the speech in a way that drew in the audience’s attention. Washington also payed attention to whom he was delivering the speech to. He arranged the speech in a way that would be most effective for them. The speech was directed toward an esteemed crowd of whites and blacks, so with this as the audience, Washington wrote a formal speech. He did not include any contraction words. Washington also avoided using first person in his speech. The words he used were technical making it seem like a serious concern to the crowd. The language of an essay adds to the effectiveness of the writing. The sentence structure can change the way the audience perceives the sentences. Booker T. Washington use declarative and exclamatory sentences in his speech. When using these type of sentences, each one has a different interpretation by the reader. A declarative sentence makes the statement sound like a fact. Exclamatory sentences are more forceful in the statements they make. These make the speech an effective argumentative essay. Using the appeals helps make an essay more persuasive. In Booker T. Washington’s The Atlanta Compromise, he used the appeal pathos. He relates the idea of hard work in the black community to a ship lost at sea. This metaphor helped heighten the language and achieved the appeal of pathos. Washington goes into a story of a ship lost at sea in distress. TheShow MoreRelatedBooker T. Washington And His Critics : The Idea Of Racial Compromise1270 Words   |  6 PagesBooker T. Washington and His Critics: The Idea of Racial Compromise The era of Jim Crow began after the end of Reconstruction in 1877, in which through the rebuilding of the South, whites established laws and customs that forced freed slaves to stay marginalized and targeted by Southern whites. The purpose of these Jim Crow ideas was to keep blacks and white separated, and to also keep blacks from progressing in society. For instance, Southern whites forced blacks to take literacy testsRead More Dubois v. Washington Debates Essay1872 Words   |  8 PagesDubois v. Washington Debates The Afro-American Almanac located on Professor Tygiel’s â€Å"Sites of Interest to History Majors† have a copy of Booker T. Washington’s famous â€Å"Atlanta Compromise† speech that he delivered in 1895. Neither before, nor since, has one speech had such a profound effect upon the career of a politician and the people that he sought to represent. Indeed, Washington’s primacy was assured when he in dramatic fashion promised (eye witness accounts have him thrusting hisRead MoreAnalysis Of The Book The Souls Of Black Folk 1026 Words   |  5 PagesBlacks that believed in the stereotypes themselves. In 1903, W. E. B. Du Bois published the book, The Souls of Black Folk. He criticized the old attitude of adjustment and submission that had been expressed by Booker T. Washington in the Atlanta Compromise Address (Hill 734). 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Washington was a conservative activist who felt that the subordination to white leaders was a crucial for African-Americans in obtaining success as a race and gainingRead MoreThe Souls Of Black Folk And Three Negro Classics1158 Words   |  5 PagesMr. Washington’s successes was â€Å"was that it--- was the first widely public shot in the debate between Du Bois and Booker T. Washington. Until the turn of the century, D u Bois had supported Washington and had even congratulated him on his Atlanta Compromise speech in 1895.† (,Du Bois, W.E.B PBS) While he be acquainted with the importance of the African American people lifestyle, Du Bois as well builds up the focus of encouraging African Americans’ desires to more important learned accomplishment. InsteadRead MoreA Comparison Between Booker T. Washington (19th century) and Martin Luther King Jr. (20th century)5383 Words   |  22 Pagescountry unceasingly to raise funds from blacks and whites both; soon he became a well-known speaker. In 1895, Washington was asked to speak at the opening of the Cotton States Exposition, an unprecedented honor for an African American. His Atlanta Compromise speech explained his major thesis, that blacks could secure their constitutional rights through their own economic and moral advancement rather than through legal and political changes. Although his conciliatory stand angered some blacks who fearedRead MoreThe American Civil War : The United States8725 Words   |  35 Pagesadministration would not initiate civil war. Eight remaini ng slave states continued to reject calls for secession. Confederate forces seized numerous federal forts within territory claimed by the Confederacy. A peace conference failed to find a compromise, and both sides prepared for war. The Confederates assumed that European countries were so dependent on King Cotton that they would intervene; none did and none recognized the new Confederate States of America. Hostilities began on April 12, 1861Read More Martin Luther King, Jr.: Effective Nonviolence the Multiple Intelligences2987 Words   |  12 Pagesobvious marginality of being Black in America in the 1950s and 1960s, King pushed himself further to edge of American society through his intellect and education. King skipped both the ninth and twelfth grades and entered Morehouse College in Atlanta at the age of 15. His sharp intelligence and maturity placed him at the forefront of his peers, forcing him to learn how to deal constantly with being on stage and being in the public eye. His favorite and chief extracurricular passion was the debateRead MoreRacial Profiling Essay7678 Words   |  31 Pageshave needed to consider whether they intend to (1) specifically ban police behavior, which is already unconstitutional under federal law, or (2) provide additional protections, which go beyond existing federal law. The focus of this policy analysis project revolves around Georgias Senate Bill 95 and other senate or house bills of that magnitude. Senate Bill 95 is a bill to be entitled an Act to amend Chapter 1 of Title 40 of the Official Code of Georgia Annotated, relating to general provisionsRead MoreEssay on McCarthyism and the Conservative Political Climate of Today6203 Words   |  25 PagesMarshall fingered many suspected radicals in the NAACP to the FBI. nbsp;nbsp;nbsp;nbsp;nbsp;McCarthy began his first term in the Senate in 1947, the year of the Hollywood Ten tragedy. On February 9, 1950, he entered the national limelight with a speech before a group of Republican women in Wheeling, West Virginia, in which he proclaimed: quot;I have here in my hand a list of 205--a list of names that were made known to the Secretary of State as being members of the Communist Party and who nevertheless

The Federal Minimum Wage Free Essays

string(164) " claims that raising the federal minimum wage would actually have unintended consequences, in the sense of reducing hiring and potentially increasing unemployment\." The federal minimum wage is a hotly debated topic and a main point that invariably separates the beliefs of the Democratic Party platform from the Republican Party platform. Today’s federal minimum wage is $7.25 (Jamieson, 2018). We will write a custom essay sample on The Federal Minimum Wage or any similar topic only for you Order Now The federal minimum wage is determined by the FLSA (Fair Labor Standards Act), and has not been adjusted from a $7.25 hourly wage since July of 2009. Because of the lack of advancement, many states have developed their own methods for determining minimum wage, but federally, any addition or subtraction must first pass directly through the FLSA (United States Department of Labor, 2018). States determine their minimum wage by analyzing their costs of living which differs depending on location, and analyzing their GDP (gross domestic product) per capita (Stoll, 2014). For example, the minimum wage in Montana as of January 1, 2018 is $8.30 per hour whereas in Massachusetts, where the cost of living is greatly increased, the hourly minimum wage is $11.00. There are 29 states that have an increased minimum wage adjusted specifically to the state’s cost of living. The wages in these states range from $7.50 to $12.50 per hour (United States Department of Labor, 2018). Even though many states already increase their minimum wage many people living in the United States claim that the federal minimum wage is entirely too low. The preponderance of evidence suggests that increasing the federal minimum wage would have little effect on poverty and would in time reduce job security and increase unemployment. Other factors that could potentially be affected by an increase in the federal minimum wage include consumer prices, suppressed wages for higher skilled workers, and an increase in outsourcing. Prior to the 2016 election the Democratic Party platform was updated and members decided to adopt a $15 per hour minimum wage. They claim that $15 an hour is the only way that American workers can survive and support their families. The push towards an increase in federal minimum wage began in New York City four years ago when a group of fast-food workers went on strike. The movement caught the attention of many popular political figures and eventually the members grouped together to form the #fightfor15 movement (Seitz-Wald, 2016). Experts that claim the federal minimum wage is not sufficient to support a family and live comfortably argue that an increase to the federal minimum wage would provide an â€Å"important lift† to over 2.2 million people in the United States (Lu, 2017). Usually these experts begin their arguments stating that the federal minimum wage real amounts have eroded nearly 25% since 1968 (Scott Perez, 2017). The federal minimum wage amounts to only $15,080 annually for full time employment. $15,080 is such a low annual income, experts predict that it is one of the main reasons why living standards have declined nationwide. This number may also contribute to the decline in economic stability, and the shrinking middle class (Lu, 2017). On a national level, supporters of the minimum wage increase provide data that proves the federal minimum wage should be at least $12.00 per hour based on the United States’ GDP. A poll taken by The Economist reports that over 1.3 million people work at minimum wage, and nearly 1.7 million work below it, thus meaning these employees are not paid hourly rather are tipped employees (Komlos, 2015). Many people would associate a push for minimum wage strictly with larger cities and areas where the cost of living is significantly above average, however even in Montana, a republican dominated state, many citizens still are pushing for a higher minimum wage. Swartz, a home care worker residing in Great Falls, Montana claims that the amount she makes working for three caregiving agencies is simply not enough to support herself comfortably. The three agencies all pay over both the federal minimum wage and Montana’s state minimum wage but due to the inconsistency of job hours she claims that making ends meet every month can be a difficult task. Swartz claims that typically some parts of low-wage workers are â€Å"overlooked†. People who do not make low wages and are not forced to work 70+ hour work weeks do not understand the struggle. Swartz also states that â€Å"Home-care workers, who help people stay in their homes and live with dignity, deserve a $15-an-hour minimum wage.† Attached to Swartz’s article is a report published by The Alliance for a Just Society, which claims that the living wage in Montana is $14.36 an hour for a single person with no dependents. Montana determines their state minimum wage using the Consumer Price Index, and updates it annually according to the index. Still however, 3,329 Montana employees earn minimum wage which makes up about 1.2% of the entire workforce. Over half of Montana’s minimum wage workers are older than 25 and over 60% are women (Jay, 2016). Beginning January 1, 2018 Montana again raised its minimum wage standard to $8.30 per hour. Governor Steve Bullock addressed the issue in an email that read â€Å"People who work full time for a living shouldn’t be living in poverty. This modest increase in minimum wage means more Montana workers will have a little extra money in their pockets,† The workers who Bullock may have been addressing include workers in the accommodations and food industry and also the retail trade industry who are recurrently the largest number of workers that receive minimum wage (Tribune Capital Bureau, 2017). On the contrary, many experts counterclaim that an increase in minimum wage is not the extreme â€Å"poverty tool† that the Democratic Party is hoping for. In fact, one of the biggest arguments against raising minimum wage is the idea of individual states already taking care of the low wage issue. As stated previously Montana, is one of 29 states that already adopted a minimum wage that is higher than the federal minimum wage, and many experts believe that if states were to adjust their incomes according to their cost of living, etc. that would be better fitting rather than adjusting the entire nation’s minimum wage. Dr. Simon Johnson, MIT Sloan expert, claims that raising the federal minimum wage would actually have unintended consequences, in the sense of reducing hiring and potentially increasing unemployment. You read "The Federal Minimum Wage" in category "Papers" He states â€Å"It is unlikely that states with lower living costs would be able to support a $15 per hour minimum wage increase, while keeping hiring processes and current employment rates the same.† He proposes a gradual, stepwise increase to the minimum wage that would occur over time. A drastic increase to $15 per hour would be too abrupt and would have career-changing consequences. A study completed by Harvard’s Economic Department points out that most minimum wage earners are second or third job holders in households with other income sources. This could include teenagers, summer employees, etc. Another group that comes to mind when thinking about minimum wage workers is retirees who already receive financial benefits from savings and social security. It is unlikely that an increase in minimum wage would truly benefit the nation, simply because some people working for minimum wage are not attempting to support dependents or themselves entirely. Usually, they are people who are looking for a little extra money rather than needing money to pay for utilities, a house, a car, etc. An even more concerning drawback of raising minimum wage is the elimination of jobs. If the United States government were to demand businesses to pay entry-level workers $15 an hour there would be a huge decrease in job security and job availability. Because, most businesses do not pay entry-level workers at this wage, if they were required to do so, they may attempt to find other means of labor including robots, computers, or other advanced technology. In fact, the Nonpartisan Congressional Budget Office estimated that former President Obama’s proposed $10.10 minimum wage, once fully implemented and in use, â€Å"would reduce total employment by about 500,000 workers.† Below is a political cartoon that shows the adverse effects of raising the current minimum wage. Although, many low-wage workers support and advocate for the idea of earning a $15 per hour wage, its effects could actually be deteriorating. Statistics show that raising the federal minimum wage to $15.00 per hour the United States risks eliminating roughly 550,000 part-time jobs and even if the minimum wage was raised to only $9.50 per hour nearly 1.3 million jobs could be lost. Previously, the United States has raised the minimum wage from $5.15 to $7.25, and adversely only 15 percent of the workers who were expected to gain from it lived in poor households. If the minimum wage today were to be raised to $9.50 per hour, only 11 percent of current minimum wage workers living in poverty would gain from this increase. In 2012, a study completed by the Wilson Review claims that both state and federal minimum wage increases between 2003 and 2007 had no effect on state poverty rates. Thus, proving the idea that increasing minimum wage does not provide a tool for lowering poverty levels. David Neumark and William Wascher performed over 100 minimum wage studies and found that about two-thirds of the studies had negative effects on unemployment. Thus, meaning that with an increase in minimum wage business owners and corporations would be forced to decrease their labor force and potentially cut long-time in employees in order to compensate for the wage increase. Half of the country’s workforce is employed by small businesses. Raising the federal minimum wage is often cast largely as a necessity to ensure that many workers are able to earn a decent living, but in reality it’s a complex issue. An example of this complexity has occurred in Oakland California in March of 2015 after they increased their statewide minimum wage by 36%, from $9.00 to $12.25 per hour. The effects are varying but some restaurants have raised their food pricing by nearly 20%, or adding a mandatory service charge and doing away with voluntary tips. The issue, business owners recognize and are working hard to resolve is finding the balance between paying a decent wage and keeping customers rather than driving them away. Some people claim that aside from the direct cost of doing business from salaries, they are also paying more for goods and services in their own communities. They question whether or not a higher wage will raise the cost of living for all employees, including those who currently earn a high-wage. Critics who are against raising the minimum wage also claim that if every entry-level worker was paid $15 an hour to begin with, many would lose incentive to get an education and move up to a higher-paying jobs. Ira Stoll, a minimum wage evaluator, states that † The lower the minimum wage, the more eager a minimum wage worker would be to enroll in a community college course at night, improve his/her skills, and apply for a higher-paying job.† Stoll also states that, â€Å"Making the entry-level jobs higher paying increases the risk that workers will get stuck in them for longer instead of moving on to something more rewarding. â€Å"Another point that many supporters fail to bring about is the idea of freedom of contract. This freedom is not directly protected by the constitution, but it as seen as a â€Å"natural right† and should be exercised. President Kennedy once said â€Å"The rights of man come not from the generosity of the state but from the hand of God. † Thus, meaning that if two free people want to enter into a voluntary contract or agreement that does not infringe on anyone else’s rights or wellbeing the government has no right to step in and stop the deal that is being made. Experts use the idea of freedom of contract to prove that the government should not be involved in every contract made between two people. If a man wants to work for another for $5 an hour, and the other man wants to hire him and pay him $5 an hour than the government should have no authority to infringe on this deal. Raising the federal minimum wage would also affect welfare spending and could potentially increase taxes. Raising the federal minimum wage puts money into the pockets of the working poor people, but this occurs at the expense of business owners. By raising the minimum wage, politicians are taking the roundabout approach of minimum wage increase, rather than building actual political support for these policies. A report published by the Cato Institute claims that evidence shows minimum wage increase â€Å"disproportionately hurt the people they’re supposed to help.† In this article the Institute cites a 2012 analysis of the New York State minimum wage increase from $5.15 to $6.75 per hour that found a â€Å"20.2 to 21.8 percent reduction in the employment of younger, less-educated individuals. † They also note that since 1995, eight studies have examined the income and poverty effects of minimum wage increases, and all but one of those studies have found that past minimum wage hikes had no effect on poverty.One of the largest concerns expert’s share about a federal minimum wage increase is the impact it would entail on consumer prices. Basically, to raise minimum wage means to pay more people more money which has to be supplied from somewhere. Experts against the increase claim that the extra money will come from increased consumer prices. The 2012 Wilson Review notes: â€Å"A 2004 review of more than 20 minimum wage studies looking at price effects found that a 10 percent increase in the U.S. minimum wage raises food prices by up to 4 percent.† To back up this idea a report posted by the Federal Reserve Bank of Chicago states that restaurant prices increase in response to minimum wage increases. The federal minimum wage is at a lower real value than it once was, but in order to change it law makers are going to have to look deeper into the problem rather than attempting to change the outcome quickly by increasing the minimum wage in all states to $15.00 hourly. Our country is unique in the nature that each state is able to make and regulate their own minimum wage and this matter is better dealt with inside certain states than from the federal government as a whole. There is most definitely a need in the United States to implement a method to decrease the rising poverty level, but this method should not be an increase in federal minimum wage because this method is directly related to rising prices, higher unemployment, job loss, and lack of job security. Small businesses, as stated previously, make up approximately 50% of the nation’s workforce and if the government were to demand these businesses to pay their starting employees $12 or more, the businesses would be forced to either higher less people, lay off long term workers, or even more devastating, shutdown. This method proves ineffective in decreasing the families living underneath the poverty line and instead harms those workers who are higher-skilled and higher-paid. How to cite The Federal Minimum Wage, Papers

Reflection On Withholding The Truth Samples †MyAssignmenthelp.com

Question: Discuss about the Reflection On Withholding The Truth. Answer: Introduction The following write up is my reflection on withholding the truth about patient terminal prognosis. It will contain the impact of withholding truth to the patient, family and I and how the staff attitudes on patients and family cultural practices can affect care provided to the patient and it impact on the patient and family psychological wellbeing. The write up will also contain specific strategies that I plan to incorporate in such cases in my health care profession. The reflection is based on Amys story case study. Impact of withholding truth To patient Withholding the truth from Amy who has a life limiting condition has several impacts both mentally and physically. First, withholding the truth causes anxiety to the patient due to lack of knowing the condition of her health. The patient is not able to know what to expect that increases anxiety leading to stress. The patient is also unable to make informed decision and accept palliative therapies (Costantini et al. 2009). To family First, withholding the truth about the patient condition to the family leads to misinformation about the patients emotions. Therefore the family is unable to offer appropriate support to the patient. Withholding the truth also leads to unrealistic expectations which at the end are not met destroying hope and trust. To me As a health care professional handling a prognosis patient, withholding the truth can cause stress and discomfort. I will keep thinking about how to deal with the patient, patients family and respond to patients emotions without depressing them to handle their negative feelings. Withholding the truth will also cause misunderstanding from the patient on what to do and expect. Staff attitude about patients and family cultural practices Affect care provided Patients cultural practices are different across the world and they affect how a staff provides health care. First, Amy is from Asian culture where illness is a family affair. This means that I have to involve the family because the family is at the center of decision making (Fletcher, 2015). Secondly, disclosing the truth will require first to communicate with the family who thereafter decides if to or not to disclose the truth to the patient. Impact on Amy and her family psychological wellbeing Amy, Mei, and Erik cultural practices would impact their psychological wellbeing regards disclosure of prognosis information. The patient will experience emotional shock and denial leading to stress after knowing her condition. The family is likely to experience their hope destroyed that can cause depression. The cultures of Asian communities are not comfortable with prognosis truth as it extinguishes hope to the patient and family (Hancock et al. 2007). Strategies to incorporate First, I will hold discussions with the family and the patient to find out what they know about the condition. Secondly, I will find the most appropriate time to disclose the truth about the condition. I will then communicate and encourage the patients family to accept the prognosis condition. Lastly, I will inform the family regarding the patients emotions and the appropriate support that they can offer to the patient (Sarafis et al. 2014). Conclusion From the following reflection on the Amys story, I have learnt that withholding or disclosing truth about patients prognosis condition has impact to the patient, family and the health professional providing the health care. Telling the truth to a patient or patients family is influenced by the cultural practice that they belong to. Therefore, it can be said that appropriate strategies are important to incorporate when providing health care to a prognosis condition. References Costantini, A., Baile, W. F., Lenzi, R., Costantini, M., Ziparo, V., Marchetti, P., Grassi, L. (2009). Overcoming cultural barriers to giving bad news: feasibility of training to promote truth-telling to cancer patients. Journal of Cancer Education, 24(3), 180-185. Fletcher, J. F. (2015). Morals and Medicine: the moral problems of the patient's right to know the truth, contraception, artificial insemination, sterilization, euthanasia. Princeton University Press. Hancock, K., Clayton, J. M., Parker, S. M., Wal der, S., Butow, P. N., Carrick, S., ... Tattersall, M. H. (2007). Truth-telling in discussing prognosis in advanced life-limiting illnesses: a systematic review. Palliative medicine, 21(6), 507-517. Sarafis, P., Tsounis, A., Malliarou, M., Lahana, E. (2014). Disclosing the truth: a dilemma between instilling hope and respecting patient autonomy in everyday clinical practice. Global journal of health science, 6(2), 128.