Accounting Information Systems Article Example | Topics and Well Written Essays - 750 words

Accounting Information Systems - Article Example The Act is believed to have unquestionably enhanced the audit quality, though its Section 404, which stressed on internal control besides the financials, has been widely considered to be premature. However, implementation of the Act had ensured that businesses made better decisions and in many cases even discovered superior competence resulting in cost savings. In the initial stage, companies had to incur higher expenses to perform extensive audits of their internal control systems and consequently in the initial years of its implementation, there were reports of many companies going private as they could not afford the audits. In spite of cost involved and the complicated audit requirement, SOX has been able to fortify the function of autonomous audit committees in terms of superior corporate governance. The review of the above article helped in coming to the conclusion that the perspective of the author is agreeable. The article stresses the need for evaluation and declaration of corporate organizations’ internal control efficiency. It emphasizes that though SOX and Section 404 obligates a thorough evaluation of all financial reporting associated internal controls and, hence, requires a huge amount of resources, its positive impact on the quality of audit and corporate governance makes it highly beneficial and a necessity in the modern business environment. However, besides evaluation of internal controls, emphasis should be made on formulating controls around security of information.

Population Growth and Resources Essay Example | Topics and Well Written Essays - 1250 words

Population Growth and Resources - Essay Example There, death rates fell so quickly that society had little time or reason to change its desire for larger families. (1). Population has mostly exploded in African and Asian countries; to which contribution of China and India is greatest. Today China is most populous country in the world followed by India with soon India expected to top the list. There had been a lot of cry in the 80s and 90s that population explosion is going to create a lots of troubles for mankind; the resources will be lost and so on. Definitely there have been these negative effects, but interestingly these days we are seeing some positive effects also of the population, especially in both most populous countries China and India. Impact on Earth's natural resources: The resources of the earth considered here are petroleum, gas, minerals etc. The effect of population can clearly be seen by the every day increasing oil prices. It is said that these resources are going to be cause of the future wars. With the increase in population there is obviously the increase in number of vehicles. This is not only depleting the earth's resources but by exhaust emissions also destroying the environment of the earth. The scientists have been aware of these facts and new vehicles are now coming up with alternative fuels like Natural gases, which are still abundantly available on earth and cause lesser pollution. In a way the crisis leads to solutions; that is the survival capacity of the human being. Similarly coal and oil are still most widely used for power generation; but recently due population growth and industrialization the power requirements have increased tremendously. Again coal and oil cause lot of air pollution. The scientists have come up with newer methods of power generation like nuclear power generation, wind power, tidal power etc. which cause much lesser pollution and are abundantly available in nature. To note the point is that these new methods are easily available in the developed countries, but in the developing countries where there is the maximum population growth and are problematic area, the latest methods are hardly available. Reason there is lack of education and lack of funds. Also in these countries the corruption is rampant. If there is democracy the ministers are involved filling their pockets and if there is Army rule then only God can save them. Impact on Education: Higher population put heavy demands on the education system of the country. Education is considered to be one of the methods to reduce the population growth but unfortunately many developing countries are failing to provide basic education for all (The Impact of Population, 1). In many developing countries either the number of schools are very less or the number of teachers is very less. In many African and Asian countries the poverty doesn't allows the children to go to school; they are compelled to go to work. Schools in even the developed countries are facing the problems of population growth. As per the Population Growth and Education in US, "About 14 percent of schools exceed their capacity by six to 25 percent, and