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Essay / Research Paper Abstract
Three problems and their interventions are proposed, supported with rationale and solutions are proposed. Problems are: employee pride and accountability (Vogel model), security background check implementation, and Sarbanes-Oxley act implementation. Bibliography lists 3 sources. jvOrgInt.rtf
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with the Sarbanes-Oxley act. This will involve all departments, but offers the benefits of additional standardization in structure and documentation. Secondly, the
companys security must be updated to provide additional safety to workers by incorporating a system of background checks, which is more cost-effective if handled by an outside firm. This will
involve only one department and offers the possibility of saving the company millions of dollars. Finally, another combined problem has arisen because
of the companys quick growth. This is, the institutionalization of a sense of company pride among all staff to support the company culture, which I believe can be aided by
instituting a program of responsibility and accountability. I suggest that this can be resolved implementing the Vayanos model into the company, which will promote learning and development of all employees.
Rationale The Sarbanes-Oxley Act In the wake of
corporate malfeasance at Arthur Anderson, new laws have been passed that affect accounting practices. New accounting laws have been passed by governments from the United States government, New York City,
Texas, Greece, and African states. All of these laws will affect American companies. The most important of the new laws is the federally legislated Sarbanes-Oxley act, an act governing how
everything having to do with accounts (memorandums, correspondence, and the books themselves) is to be treated. As you know, this bill also instituted a new overseeing agency, the Public
Company Accounting Oversight Board, established a records management law (RM law). For the accounting profession, this means a billion-dollar growth industry in the form of corporate governance, but it also
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