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How social media Affects Relationships
How social media Affects Relationships
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How social media Affects Relationships
Social media has been a very significant force in recent years. It has helped many people communicate efficiently with their friends and even at work or on other important occasions and issues. However, at the same time, social media has been a problematic good lousy development in the current world to maneuver around. This is because even though social media is generally considered good, it has its inherent negative issues that affect many people to a great extent (Butler, & Matook, 2015). Social media’s effect on some people is too much such that their lives are either based on social media, or they suffer the consequences of having too much of it. Even some people even die due to causes related to social media. Social media has a lot of lies and misdirection, which lead people astray. This paper discusses the means through which social media affects our relationships and how this makes our lives difficult every day.
Firstly, there are many different types of relationships, including family, friends, work, school, and other kinds of relationships. Family is usually the most important kind of relationship in many relationships. More than 60% of Americans feel that family is essential and should not be taken lightly and safeguarded (Thurrott, 2018). They also think that a person during their formative years should have a place they can call home, and that is why the United States department of children is always very keen on children who do not get adequate care and tries to provide for them. Social media affects families through different ways, and one of the most rampant ways is that people cheat on each other through social media, and a person can never know. For instance, a husband might be cheating on their wife but the wife will never know because the husband deletes messages and communicates with the person he is cheating with. This makes it very difficult to have a good relationship, especially when the wife notices.
Friendship is also a great relationship, and most people have friends. However, social media has made it such that having friends is not okay or the best thing since three are online friends we have never met. Even though this is a good thing for most people, it seems like people are just trying to fit in and cannot fully be aware of them, elves, and therefore, they search for online friends they will never meet (NCPR: North Country Public Radio, n.d.). This serves some people well, and it is an advantage. In contrast, to others, it is a distraction in that these people who have friends online might find it challenging to socialize physically, which psychologists consider the best kind of social interaction. We can also have fake friends who might easily talk about us through social media, thus destroying the friendship.
Social media affects work in several ways. Firstly, a person might be addicted to social media like TikTok, and they continue watching Tik-Tok videos during their time to work and because of this, they may not do what is required of them effectively (Butler, & Matook, 2015). This may also lead to procrastination, and they may eventually get fired. This makes it very difficult for the companies and other people to continue doing what is required of them since losing employees is not always suitable for any company. Social media even affects the political area as at some point; some people began distributing fake Twitter captions, which they claimed president trump had posted. Therefore, they made his name look bad when he never published such a thing in the real sense. Generally, social media is good, but it affects our daily lives, which at times are positive while at other times they are harmful.
References
Butler, B. S., & Matook, S. (2015). Social media and relationships. The international encyclopedia of digital communication and society, 1-12.
NCPR: North Country Public Radio. (n.d.). NCPR. Retrieved December 2, 2021, from https://www.northcountrypublicradio.org/
Thurrott, S. (2018, March 13). How to spot fake news in your social media feed. NBC News; NBC News. https://www.nbcnews.com/better/news/can-you-spot-fake-news-your-feed-ncna854036
Event history of the Sarbanes-Oxley Act of 2002
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1. Event history of the Sarbanes-Oxley Act of 2002
According to Bumiller, (2002), the Enron saga, which occurred in early 2002, set the stage for several things, which resulted in the SOX legislative process that did little to resolve the uncertainty on the enactment of the legislative reform or what will be the provision of the legislation. The events are categorised into three groups:
A) Early events that resolved little uncertainty about SOX
B) Events that resolved virtually all uncertainty that reform legislation would be enacted but did not resolve uncertainty about the final provisions of the Act
C) Events that resolved uncertainty about the Act’s provisions or were informative about its enforcement
A. Event: Early Period
Harvey Pitt, the S.E.C. Chairman called for the building of a new body which regulates public accounting, and would be superior to the accounting industry
Michael Oxley, the Chair of the House Financial Services Committee, brought a House of Representatives bill H.R.3763,the “Corporate and Auditing Accountability, Responsibility and Transparency Act of 2002” after a few weeks.
President Bush unveiled a plan to improve corporate disclosure , auditor and CEO responsibility for doing financial reports
Christopher Dodd, a Senator brought a senate bill S.2004, which was intended to improve financial reporting through engaging an independent oversight board for auditors, providing more resources for the S.E.C and well enhanced accounting standard setting process.
A suggestion was made by the Financial Services Committee report on H.R. 3763, to improve the reliability and accuracy of financial disclosure made in respect to securities law. The House passed the bill on April 24th by a majority of 334 to 90 votes.
The Senate Judiciary Committee affirmed proposed legislation creating felony charges for securities fraud, mishandling or shredding documents .No action was taken by the Senate in respect of the reform proposal that had been brought before the House and passed
B. Event: Resolving Uncertainty about Passage of Accounting Reform Legislation
Paul Sarbanes ,a Senator and Chair of the Senate Banking Committee, hinted at a consensus proposal for changing accounting practices was in progress
On June 15th, a jury convicted Arthur Andersen of obstructing the S.E.C.’s Enron investigation.34
The jury convicted Arthur Andersen on 15th June for obstructing the S.E.C from
Investigating Enron
A legislation was approved on 18th June through the Senate Banking Committee vote of 17 to 4 votes, thus creating an accounting oversight board which is mandated to discipline wayward auditors
The bill S.2673 by Senator Sarbanes in the senate in June 25th
Massive fraud $ 3.8 billion at WorldCom were disclosed
WorldCom faced a lawsuit filed by S.E.C alleging a fraudulent scheme to overstate earning
A report was issued by Senate Banking Committee on Sarbanes bill on July 3rd, while the S.E.C affirmed a requirement that required all CEOs and CFOs to certify companies financial reports were, the two events occurred concurrently (Kohn, & Cola pinto, 2004).
On July 8th the Senate began debating S.2673 which went on for until 15th July
On July 9th, President Bush spoke on Wall Street in support of securities law reform.
On July 15th, the bill S.2673 was unanimously passed through a vote of 97 to Zero by the Senate.
Concurrently, the “Corporate Fraud Accountability Act of 2002” H.R. 5116, was brought to the floor of the House. The top executives of firms were required to certify the financial statements or face criminal penalties arising from misrepresentation of financial reports
The House, which was, controlled the House on July 16th passed H.R. 5118 on 391 to 28 votes.
The same July 16th President Bush ordered that a final bill be passed before the house break for recess in august.
C. Event: Events Resolving Uncertainty about Specific Provisions and Enforcement of
Accounting Reform Legislation
On July 19th an executive session held between Houses –Senate Conference Committee, constituted to reconcile House and Senate bills.
On July 24th, the Conference Committee issued a report .The Sarbanes –Oxley Act of 2002 as known as Conferences Committee’s bill, which reflected reforms included in the Sarbanes bill went through some changes.
The changes made incorporated tougher punishment to executives and gave S.E.C more control of the new Public Company Accounting Oversight Board.
On July 25th, the Conference Committee’s bill was overwhelmingly passed at the Senate by 423 to 3 votes in the House and 99 to 0 votes in the Senate.
On July 29th ,the S.E.C announced that it would post names of CEOs and CFOs on its website for non-compliance
On July 30th, the president assented to the bill.
On August 14th, was the deadline for compliance by the CEO and CFO of large companies to certify their company’s financial statements with the S.E.C.?
2) Briefly explain the three responsibilities of the SEC and three components of SOX.
(a)Responsibilities of S.E.C
In charge of the inspection of brokers, securities firms and investment advisers
Supervise private regulatory organisation in the accounting, auditing and securities fields.
Liaise with the state, federal and foreign authorities to coordinate the U.S security regulations
(b) Components of SOX
Formalizing and reinforcing subjective checks and balances within companies
Introducing levels of governance and sign-off to guarantee that financial reporting exerts full declaration
Ensure the Corporate governance fully adhered to with full transparency.
3) Do you feel these were adequate solutions to the situations at the time of their implementation?
Yes, the actions were adequate response to the problem at hand at that time.
References
Bumiller, E, (2002). “Bush Signs Bill Aimed at Fraud in Corporations”. The New York Times.
Kohn M., & K. Cola pinto, (2004). Whistleblower Law: A Guide to Legal Protections for Corporate Employees. Praeger Publisher
Facebook is the worst thing that happened to relationships
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Facebook is the worst thing that happened to relationships
Social media has completely transformed the way people interact with each other. Platforms such as Facebook, Twitter, Snapchat, and Instagram, among many others, have allowed people to connect with each other more and more, no matter where they are. These platforms allow people to send messages, photos, and call each other via video from all locations across the globe. This means that people catch up in real-time even when they may be far away from each other. For example, a person from Brazil whose family is visiting Dubai can talk to them through video calls, helping them feel connected though they are far from each other. This instant communication has been beneficial for many people because, in the past, people relied on emails and letters, which took a lot of time, and were also inefficient. However, although social media platforms have improved communication and connection, it has also brought some negatives along with it. People tend to be so engrossed in their phones and computers catching up with friends and family such that they forget their immediate surroundings. Facebook is the worst thing to happen to relationships between family, friends, and significant others, mainly because it proves to be too distracting and engaging.
Facebook has proven to be detrimental to romantic relationships for several reasons. When two people decide to become partners in a romantic sense, there is usually an expectation of what this entails. For example, they will often spend significant amounts of time together. During this time, they will usually talk about many things or go out to do some fun activities together. Whenever a person spends time with their significant other, they want their partner to pay attention to them as much as possible. However, with Facebook, some partners tend to use their time poring over the platform following the lives of other people online. This becomes a challenge when a person ignores or fails to pay attention to their partner, and sometimes this could lead to the end of the relationship. A perfect example of this is two people out on a date in a fancy restaurant. They plan such dates once every week to catch up with each other and keep their romance alive. However, one of the partners is quite active on Facebook, and he keeps looking at his phone constantly. He wants to know what is happening with his friends; therefore, he keeps checking their updates and photos. His partner feels ignored and that he is not interested in her. This happens on several occasions, and the relationship eventually ends because the man concentrates on Facebook more than he pays attention to his partner.
Facebook is also the worst thing to happen to family relationships. Family members are so engrossed in their phones and computers at all times; they forget to spend any time as a family. Facebook attracts people from all age groups, so it is not uncommon to find both parents and children both on Facebook. Families spend less and less time with each other, and whenever they do, they constantly have to keep glancing at their phones. To illustrate this situation, a mother asks her whole family to come together for a family dinner. One of the teen children forgets what time it is and is late because he spent some time chatting with a new friend on Facebook. While at the dinner table, mom talks about a recent cruise she and her friends went on and shows her family all the pictures they took and posted on Facebook. No one really talks about what is going on in their individual lives, as each person can’t wait to get back on Facebook to continue chatting and looking at pictures. Facebook has destroyed family relationships as people are too busy to even talk to each other at home.
Facebook has also destroyed friendships. People rely on Facebook to make new friends and catch up with their friends online. However, people have become too obsessed with their online lives, and this affects real-life friendships. In the past, one would invite their friends to lunch, and they would spend a whole afternoon talking about what was happening in each other’s lives. As smartphones and social media have become an essential part of life, it is common to find a whole group of friends sitting at one table, but each absorbed in Facebook. They have no time to speak to the friends seated right in front of them, but they would rather spend the whole time chatting with strangers online. This kind of situation has ruined friendships as people do not have time for each other anymore. Facebook is also an avenue for bullying, especially among friends. For example, when one falls out with one of their friends, they could resort to posting lies about them on Facebook as revenge, and this destroys their friendship.
In conclusion, Facebook is the worst thing to happen to relationships. The platform has destroyed relationships between friends, families, and romantic partners. The main reason for this is that Facebook is such a distraction, and it makes people forget what is going on around them. Virtual relationships can never replace real-life ones, and people should make an effort to connect with those around them more. Individuals should limit the amount of time they spend on social media and devote more time to their relationships in real life.