Water is often recycled to use in other fracturing procedures. Fracking companies are working to make fracking less hurtful to the environment and to the local community (Energy from Shal... ... middle of paper ... ...t decades but recently the government has been more involved trying to regulate fracturing processes so that they are safe to the environment and to the people. Although fracking is not very well accepted, many believe that fracking is the only way to extract natural gas and oil efficiently. While others believe that it is harmful to the drinking supply of water and to the environment as all other extractions of natural resources are. Today states, the House of Representatives, and the Senate are all working to help minimize the effects that hydraulic fracturing has within communities and the environment by enforcing stronger laws and regulations within fracturing wells and fracturing companies.
This is the primary statute governing air quality in the United States. It assigns responsibilities to government and industry to reduce emissions from pollution sources such as automobiles, refineries, chemical plants, and power plants. However, it seems as though every solution to meet the stringent requirements poses another problem. The Clean Air Act has been amended several times, and most recently it is to be amended to ban MTBE’s by the year 2002.
Sarbanes- Oxley 2002 Act had enforced audit firms to limit providing non-audit service to clients (the company) which they audit at the same time in order to improve audit quality. We agree that audit firms should develop auditors’ independence, professional skepticism and objectivity to improve the quality of audit reports. The big challenge for PCAOB and each audit firm is how to implement these valuable requirements appropriately. Audit firm rotation may bring some advantages to public investors. First of all, different audit engagement teams use different methods to evaluate the company’s business and financial situations.
The factors affecting independence of external auditors are multiple. Market competition among external auditors and the imperfection of laws regulated the external auditing industry are tow of most important factors. In order to maintain and guarantee the independence of external auditors and try to avoid the scandals like Arthur Andersen, some research on how to improve and maintain the independence of external auditors are necessary. It is possible for researchers to put emphasis on how to control the market competition among auditing organizations and enhance the ability of accounting regulators to supervise and manage the professional accounting industry in the future.
This act put in place guidelines to help strengthen the weaknesses in the internal controls of companies (Weygandt, Kimmel, & Kieso, 2008). The act requires companies to implement internal control provisions to meet the requirements of the SOX act which help to minimize the occurrence of unethical behavior and corporate fraud. The SOX act also includes reporting requirements for companies that help ensure proper revenue recognition. A company that announces deficiencies in its internal controls would most likely experience a fall in the price of its stocks because this could be an indication of either mistakes or misrepresentations in its accounting practices and leads to the belief that financial statements released earlier are different than reported. The announcement of deficiencies causes a lack of faith in the operations of the company which could cause the company’s stock to drop immediately, while investors begin to establish the extent of the damage.
As the business manager in Alumina Inc., I am leading the effort in managing a crisis arising out of allegations of environmental damages. (University of Phoenix, 2008) In this paper, I will identify the legal issues and note the legal principles that apply. The result of my decisions will need to ensure that I prevent extensive losses, environmental and commercial, preserve the company’s public image and abide by the pertinent environmental statutes. Business Regulation Simulation Five years ago, Alumina was in violation of environmental discharge norms after a routine EPA compliance evaluation inspection. A clean-up was ordered and Alumina complied immediately.
When Tylenol discovered there was a global catastrophe, in the breach of their medication they recalled the batch prior and after, plus issued an immediate statement on the process, until the finding facts, subsequently, not putting the product on the shelves until everything was resolved (Baker, 2015). Tammy A S. Kohl (2012) wrote about a recent study performed by the Institute of Business Ethics found that companies displaying a clear commitment to ethical conduct consistently outperform companies that do not display ethical conduct (Kohl,
In an effort to make drug testing for employees of the federal government more accurate, to deter false positives and false negatives it has been suggested to use alternative methods of testing. The Associated Press reported a movement by the federal government to "overhaul its employee drug testing program". (TAP, pg 1) Currently, the government tests its employees during the pre-employment selection and when accidents occur on the job. Both instances use urine testing and this particular test in not 99.99% guaranteed to show true results; when the drug was consumed or how much is currently in the employees system. The federal government is looking to lower cost and also prevent persons who are tested from being able to use the "cheat" (TAP, pg 1) method.
First, Carbide studied the substance thoroughly in order to construct a manual designed to instruct workers on how to handle MIC properly. However, they neglected to include knowledge of an antidote to MIC in the manual. "Injection with sodium thiosulfate could, in certain cases, neutralize the deadly effects of the gas." (Bhopal, 92) If Carbide had included this information in the manual, then all of the employees, including the medical staff, would have a purported treatment in the event of an accident. This treatment could have saved the lives of many people in a disaster.
More imperative, the ban referenced recent clinical trials which exposed dronedarone’s serious therapeutic limitations. Proponents of dronedarone implored its return to the market insisting that not doing so would deprive thousands of a prophylactic against heart attack or stroke. Several months later NICE relaxed the ban and issued guidelines on Dronedarone’s application. Its widespread usage in the United States since receiving approval from the FDA in 2009 has garnered it a somewhat more grim reputation and in mid-2011 incurred a black box warning against its usage by patients with congestive heart failure. Despite these drawbacks, according to Sanofi, the manufacturer of dronedarone, it is considered a safe treatment for patients who have recovered their sinus rhythm from atrial fibrillation or atrial flutter in the last 6 months.