Thursday, July 17, 2008

What is the Sarbanes Oxley law ?

In the United States, the 2002 law on accounting reform of listed companies and investor protection is a federal law imposing new rules on accounting and financial transparency. It follows the various financial scandals revealed in the country at the beginning of 2000, including those of Enron and Worldcom. The text is commonly known as Sarbanes-Oxley, named after its sponsors Senators Paul Sarbanes and Mike Oxley. The name can be abbreviated as SOX, Sarbox, or SOA.

Sunday, June 08, 2008

Who will win the race for the White House ? Ask Google trends

Google trends is a wonderful tool to compare what people search on the web... Here as you can see people are very intersted in Barack Obama... Does it mean he will win the race for The White House... Probably not or probably...

"john mccain" "hilary clinton" "barack obama"
what is amuzing too are the results by cities :
1. Washington, DC, USA

2. Phoenix, AZ, USA

3. Columbus, OH, USA

4. Reston, VA, USA

5. Raleigh, NC, USA

6. Cincinnati, OH, USA

7. St Louis, MO, USA

8. Austin, TX, USA

9. Atlanta, GA, USA

10. Philadelphia, PA, USA

Friday, January 26, 2007

Big Brother Awards

Not! it is not a post aboout a stupid English program twisted and I will not speak either about Jade Goody… Big Brother is the “character” created by George Orwell in his book 1984 (if you have not yet read it: you should)… and became synonymous with monitoring, or breaking the private life… and in fact precisely the French personalities (especially politicians) having acted like BigBrother “were rewarded” on January 20… One can find Jacques Lebrot, Paul Anselin, Pascal ClĂ©ment… Nicolas Sarkozi being declared out of the competition evil. Follow the link it is realy amusing!

Monday, January 22, 2007

Hillary is ahead ;-)

Yesterday, a poll revealed that Hillary Clinton is firm favourite to take the Democratic presidential nomination. The 59-year-old senator for New York has the support of 41 per cent of party members (more than double the 17 per cent of senator Barrack Obama, according to the Washington Post). The poll was taken before she announced her candidacy on Saturday.

Saturday, December 02, 2006

What is the Sarbanes-Oxley Law?

In the USA, in the year 2002, the Sarbanes and Oxley Law is a law on the reform of the accountancy of the companies and the protection of the investors. This famous lax is known under acronym SOX, Sarbox, SOA or according to the name of its promoters Loi Sarbanes-Oxley. It is a federal law voted in response to the various financial scandals (Parmalat, Enron, Worldcom, etc.) occurred recently which revealed at the great day the faults of the countable and financial legislation of the companies. The law of July 31, 2002 (Pub L No 107-204, 116 Stat. 745) known as Sarbanes-Oxley Act introduced:
  • obligation for the presidents and the financial directors to certify the accounts personally
  • obligation to name administrators independent at the committee of audit of the board of directors
  • the framing of the particular advantages of the leaders (loss of the profit-sharing in the event of diffusion of inaccurate information, possibility given to the SEC - Securities and Exchange Commission, authority of regulation of the American stock exchange markets - to prohibit any social mandate for the leaders suspected of fraud).
This law also obliges to implement an internal audit being pressed on a conceptual framework. In practice the COSO is the reference frame more used. Because a number of non-American companies with dimensions in the New York Stock Exchange, largest of the world purses, and fact are subjected to this law, SOX has repercussions beyond the borders of the United States. It is besides why one speaks about extraterritoriality about the repercussions of law SOX.

Who is Sarbanes?

Paul Spyros Sarbanes was born on February 3, 1933 with Salisbury, Maryland, wire of immigrant parents from Greece. He is an American politician, member of the democratic Party and senator of Maryland to the Congress of the United States since 1977. Graduate of Princeton in 1954, it obtained a school purse Rhodos to study in Oxford, then finishes his studies at the school of right ofHarvard. In 1966, Sarbanes was elected with the room of delegated of Maryland. In 1970, he was elected with the Room of the Representatives of the United States, re-elected in 1972 and 1974, year when it wrote the first article of the procedure of Impeachment against president Richard Nixon. In 1976, Sarbanes was elected with the Senate of the United States beating the republican senator outgoing John Glenn Beall Jr.. Sarbanes was re-elected in 1982, 1988, 1994 and 2000. In 2005, Sarbanes announces its decision not to be represented in 2006. Sarbanes, of orthodoxe Greek religion, is married since 1960 in Christine Dunbar, native of Brighton in England. They have three children and six grandchildren. But now his name is world well known because he is one of the author of the Sarbanes-Oxley Law, which was passed after the scandal of Enron and Worldcom.

Sunday, October 15, 2006

Residents urged to leave homes over asbestos risk

I have just read this article... In one hand, you can consider that it is a good thing that those people have to leave this houses full of asbestos... Actually asbestos can lead to disease asmesothelioma (mesothelioma is a rare cancer, usually found in those exposed to asbetos ). In the other hand, at the end of the article, it is claim that it is only a way to get rid of these houses to build something new... One more time this is a bit spooky... Do our leader only think to money and not to our welfare. But I am for The Imperative of Responsibility (Hans Jonas), if people can die of mesothelioma, they should move to another house. So I agree with the decision. Nevertheless if some clues show that it was only to feed the greed of some politics... Thesemen deserve a good trial.