Provide an argument for the value in changing these two laws based on times/circumstances.
Primary Task Response: Within the Discussion Board area, write 400-600 words that respond to the following questions with your thoughts, ideas, and comments. This will be the foundation for future discussions by your classmates. Be substantive and clear, and use examples to reinforce your ideas.
Part 1 (post this response in the main U2 DB thread “Unit 2 Discussion Board”)
One common point of debate in law is whether laws should be changed based upon the times or circumstances. It has been a consideration since the Founding Fathers created the Constitution. For this debate discussion, your task is to consider this issue, as it relates specifically to two particular laws. The topic up for debate: should the Dodd-Frank Act and the Sarbanes-Oxley Act be flexible and change based upon the times or circumstances.
Read this article and then this information from the SEC on these Acts, and conduct a brief analysis of each, to demonstrate your understanding of both.
Part 2 (post this response in the appropriate topic within U2 DB (labeled “for” and “against”)
Based on the first initial of your last name, complete the following:
First initial A-L: Provide an argument for the value in changing these two laws based on times/circumstances. Submit your position by posting in the Unit 2 Debate forum under the for topic.
First initial M-Z: Provide an argument against the ability of laws to be modified based on times/ circumstances. Submit your position by posting in the Unit 2 Debate forum under the against topic.
In both considerations, provide research that supports your assertions.
Solution Preview
Part One: Should the Dodd-Frank Act and the Sarbanes-Oxley Act be flexible and change based upon the times or circumstances.
Sarbanes-Oxley Act (SOX) commanded a selection of reforms involving more transparent financial disclosures, increasing corporate responsibility, and protecting investors against corporate and accounting fraud (“Forbes Welcome,” 2017). Sarbanes-Oxley Act demands that corporate management along with their auditors perpetuate internal controls with proper reporting procedures
(731 words)