Media Bullshit Essay Example | Topics and Well Written Essays - 750 words

Media Bullshit - Essay Example Furthermore, it has to be noted that the media comes in the form of the television, the internet, the radio, newspaper, and magazines. Significantly, the absence of the above-mentioned source of medium would be difficult for the citizens of the United States to be aware of what is taking place. The media has been utilized to inform the American society on the performance of the government, prominent individuals and the community as a whole (Qualman, 2012, 12-14). Essentially, I believe that the media cannot be regarded as â€Å"media bullshit† as information shared by the public often brings about more good than harm. Counter position According to an article by Burrowes (2015), â€Å"The combination of inexperienced and busy marketers, conflicted agencies and incentivized media owners is coming up with a situation of unprecedented media bullshit†. The author apparently has done some research and has come up with the conclusion that the services being initiated by the me dia industry are based on a bull shit entity. The perception is based on the challenges that the journalists go through, i.e. being forced to give false news as a way of gaining a bigger platform. According to Coville (2010), â€Å"Usually, it is not part of anybody’s grand scheme to brainwash you, but rather the result of newsrooms being staffed by fallible and opinionated humans†. Significantly, the implication of the above quote signifies that the media is indeed biased as what is often offered is not what is right.

Public Company Accounting Reform and Investor Protection Act Essay

Public Company Accounting Reform and Investor Protection Act - Essay Example This state of affairs triggered a requirement for a regulation that could establish legal requirements for companies to ensure that their systems are controlled and the information they publish conform to the actual status, and is not altered, modified or changed with an intention to deceive anyone. The Sarbanes Oxley Act (also known as known as the Public Company Accounting Reform and Investor Protection Act of 2002 and commonly called SOX or Sarbox (Wikipedia.org, 2007), was implemented in 2002 to regain public's trust in the accounting and reporting practices of companies in US, to reinforce investment confidence and protect investors by improving the accuracy and reliability of corporate information with regard to finance, operations and information systems. A brief description of key provision of SOX is provided below: A Public Company Accounting Oversight Board (PCAOB) was established as a result of the passage of the act, to ensure that interests of the investors in public companies are secured, and the audit reports are developed and represent true and fair opinion on the affairs of the company (FindLaw.com 2002). The key functions and duties of PCAOB as documented in the law are as follow: The 'independence' of the auditor is critical for performing any audit related activity for any client. ISACA (Information Systems Audit and Controls Association) (2006) requires auditors to be independent of auditee in both attitude and appearance (professional independence) and the entire audit function to be independent of the area or activity being reviewed to permit objective completion of the audit assignment. The SOX act requires the auditors to be independent. The law states that auditors should not have any operational and/or decision making role for the activity which they are auditing. Corporate Responsibility The act requires public companies to certify in their financial reports that a senior manager has reviewed the report and that the report does not have material misstatements. As per section 302 of the act, the senior management is responsible to develop and implement system of internal controls, and compliance systems. The act requires that the corporate financial statements should have following certifications: The signing officers have reviewed the report The report does not contain material misstatement or material omission or is misleading The financial statements and information fairly represent the factual position and health of the company The signing officers are responsible for internal controls and have reviewed internal controls in previous 90 days Significant changes to internal control environment The report should have a list of all deficiencies in the internal controls and information on any fraud involving employees Enhanced Financial