UK IT Related Laws Essay Example | Topics and Well Written Essays - 2000 words

UK IT Related Laws - Essay Example Illegally obtained data, records or information about an individual are often used in crimes that involve identity theft. Other usage of data about a person includes blackmail, kidnapping and other crimes. Data Protection Act of 1998 The Data Protection Act of 1998 was in response to the European Directive of 1995 that required member states to protect the right to privacy of every citizen in the European Union. Recognizing the borderless nature of internet transactions, the need for this law to be passed in every state is of outmost importance to ensure that no European will be victimized within the European Union by fellow Europeans engaged in criminal activities. The Data Protection Act was very explicit in limiting the information to be gathered by organizations from an individual to ensure that only what is needed by the organization can be gathered. The Data Protection Act also mandates that the information gathered from an individual or generated for an individual by an establ ishment should not be kept longer than necessary. The provision cited herein has the intention of ensuring that no data or information can be obtained that can be used in stealing and replicating an identity. However, there are instances where problems still occur. In September 2010, Brighton General Hospital was robbed of Hard Drives that contained confidential information of patients of the said hospital. Although, the Chief Executive of Brighton and Sussex University Hospitals NHS Trusts stated that the Hard Drives have been released to a contractor who was paid to destroy the Hard Drives, unfortunately the contractor sold them on E-Bay. As soon as they have been informed of the theft, they were able to catch and recover the hard drives with the help of the local police. The Information Commissioner’s Office stated that the watchdog suggested that the fine of the hospital be 375,000 pounds. The 375,000 pound fine is the biggest fine that the Information Commissionerâ€℠¢s Office has issued. (OUT-LAW.com, 2012) Kent County Council has been named as the number one organization that loses private data of their clients in the United Kingdom. There had been 72 reports of theft between the years 2008 and 2011. One incident was mentioned in the article where a worker lost a USB drive that contained information regarding students somewhere. Most of the Kent County Council’s loss of data incidents includes the loss of laptops, documents that were misplaced or accidentally left outside a car. Another incident mentioned were parents receiving a report of a different child. Although the Kent County Council was not held liable for some incidents which is illustrated in an incident where one family posted case notes pictures on Facebook, making it accessible to anyone. However, it is no big surprise that they came out as Number One with respect to data loss since they are a big authority in the United Kingdom. (BBC, 2011) Zurich Insurance was issued a fi ne of 2,300,000 million pounds by the Financial Service Authority for the data loss incident in August 2008 involving 46,000 of its customers. The data loss occurred when they were transferring data to storage

Management accountant Assignment Example | Topics and Well Written Essays - 2000 words

Management accountant - Assignment Example They are only recognized as expenses when they are sold and at that time they are recognized as cost of goods sold (Drury, 2008). According to the International Financial Reporting Standards (IFRS) and the Generally Accepted Accounting Principles (GAAP) it is essential that a firm uses absorption costing to record the value of inventory in the books of accounts (Accounting Tools, 2014). The main components of this type of costing methods are: It is however possible to allocate expenses with the help of activity based costing method. But it is considered to be a more elaborate method and therefore more time consuming and costly. The costs allocated under the method of overhead absorption costing method may be over absorbed or under absorbed. The costs are allocated on the basis of rates of overhead. It may be seen that the actual expenses incurred and that which is recorded might not be the same. Also there might be costs that cannot be directly be traced to the products as they might not fall under the overheads. Under such circumstances direct costing is more helpful as it does not require any allocation. Absorption costing is also referred to as full costing or full absorption (Izhar and Hontoir, 2001). Overhead Costs- The next step is to calculate the over head costs of each department. This is done by multiplying overhead rate with the hours per unit. The obtained figure is again multiplied with the units produced of each product (Lucey, 2007). Rates per unit calculation- Under ABC costing, the first step is to calculate the rate per activity. As per the given problem, it is known that there are five activities. The total units in terms of each activity are known. The total cost is also known. Therefore it is possible to calculate the rate per unit. They are calculated by dividing cost pools by cost drivers given in the problem (Jain and Khan, 2006) Total Cost for each activity- Now that the rates are known

Investment risk mangement Essay Example | Topics and Well Written Essays - 1250 words

Investment risk mangement - Essay Example Poor mortgage related investment was a very major reason which caused this failure as the real estate portfolio of the company was in a very awful shape. The liabilities of the firm were more than the assets. The firms major sources of revenue was coming from government, corporate industry along with other giant clients to whom financial advice was given related to financial transactions along with acting as a underwriter to the clients. The leverage policy of the organization was a major reason why the bankruptcy took place which basically includes terrible regulations of the firm. Market satisfaction was another important factor was it made the firm too much confident about their financial policies along with lack of financial operation’s transparency. The mortgages were not priced correctly before lending them out .The credit default swap market also had a huge impact on the failure along with misrepresentation in the financial statements also acting as a key cause in the bankruptcy. High level of asset to equity ratio along with extreme high level short term debt financing basically caused major problems for the company. The company was so many dependants on the short term debt that it had to face the risk of runs. Systemic risk was faced by Lehman brothers. There were many recommendations given as to how the risk should have been controlled by many financial experts however for such risks which caused this financial catastrophe. The search for buyer should have been started way before it actually was, bailing out Lehman Brother could have been another beneficial step. Proper steps should have been taken to avoid capital inadequacy. The arrival of the crisis was expected however the auditors and management did not take proper steps to avoid it on time. It is important for the organizations to use new and better methods for checking company’s financial conditions

Syrian Civil War Essay Example for Free

Syrian Civil War Essay The Syrian civil war is an armed conflict in Syria, which has began on 15 March 2011 with demonstrations and protests against Syrian president Bashar al- Assad, which evolved into an armed rebellion. By now Syrian war cost more than 55,000 lives and many people are still dying in this war. It is important to focus on ending of this war as soon as possible not only for good of Syria but also for the good of whole world. My opinion is that the main problem why this war still continues is because many countries are supporting their economy by sending new and new weapons into Syria, and these weapons don’t end only in hands of Syrian army but also in hands of rebels fighting against the government. I think that first think Syria should focus on in these days is to secure its weapon sites, containing dangerous chemical weapons also labeled as WMD’s (Weapons of Mass Destruction). These weapons became the point of interest of rebels, which are trying to take them and use not only against Syrian army, but also against any else country including the USA. Stated in Adam Clark Estes’s paragraph from The Atlantic Wire, it is scary enough to think of what the Assad regime could do with the several hundred tons of chemical weapons and horrifying to think of what terrorists would do. I think that president Assad should pay more attention to sites and military bases where are these weapons stored and secure them. According to Estes’s paragraph, â€Å"What we know, however, is that the United States and its European allies are working fast and hard to mobilize forces to protect those weapons and, hopefully, avert the unthank able.† He also says that there are also good news and uses retired general Adnan Silou’s quotation that â€Å"It’s unlikely that insurgents would know how to successfully detonate chemical munitions on their own.† I don’t really agree with this opinion, and I think that if rebels would steal the chemical weapons it would be only the question of time until they would find somebody who would arm them. Furthermore Silou says that â€Å"After the regime falls, anyone could take them.† And according to Estes’s paragraph that is the main reason why the United States is working with Israel, Jorda n and the NATO allies to get the troops to those sites as soon as possible. President Obama warned president Assad in BBC news that â€Å"The world is watching. The use of chemical weapons is and would be totally unacceptable.† The bad news according to Estes’s paragraph are simple. If the chemical weapons will be used, they won’t kill a few people, they kills thousands, and if the weapons will make it out Syria, that could mean thousands of Americans. According to CNN paragraph, Syrian government insists it would never use chemical weapons on its own people. But world leaders say Syria’s desperation could lead to even more tragedy in the war-torn country. I think that the main point of CNN’s paragraph is that many people can’t even imagine, how big danger these chemical weapons represent for humanity, and that’s why CNN is trying to â€Å"introduce† us some of the substances these weapons contain. According to CNN paragraph, military analysts believe Syria may have one of the largest stockpiles of chem ical weapons in the world. All the stocks of these weapons that the Syrian Arab Republic possesses are monitored and guarded by the Syrian army. These weapons are meant to be used only and strictly in the event of external aggression against the Syrian Arab Republic, Foreign Ministry spokesman Jihad Makdissi said in July. When we are talking about the substances these weapons include, we are talking about chemicals like sarin, mustard gas or VX gas which are able to kill thousands of people in few minutes or cause permanent illnesses like cancer or blindness. According to CNN’s paragraph sarin gas is an odorless nerve agent that can cause convulsions, paralysis and respiratory failure. Nerve agents are the most toxic and rapidly acting of the known chemical warfare agents. Sarin quickly evaporates from liquid to vapor form and disperse into the environment. It also mixes easily with water and can poison a water supply. VX is another nerve agent that can be lethal when inhaled. It can also be dispersed in a liquid form; even a few small drops on the skin can lead to the same effects as sarin gas. Compared with the nerve agent sarin, VX is considered to be much more toxic by entry through the skin and somewhat more toxic by inhalation, the CDC said. Mustard gas also known as sulfur mustard leaves chemical burns on the skin, eyes and even the lungs when inhaled. While mustard gas can be fatal, it also can disable victims and can cause cancer or permanent blindness. Syria promised to not use these weapons in the civil war, but will it really keep this promise? Syria’s war is now 21-month long conflict and many people aren’t so sure that these weapons will stay in their sites. Ahmet Uzumcu, director-general of the Organization for the Prohibition of Chemical Weapons said â€Å"For the first time in the history of the Chemical Weapons Convention (CWC), which entered into force in April 1997, there are serious concerns that chemical weapons might be used.† President’s Assad newest speech about that would begin a peace process and keep the besieged leader in power was – according to ABC news paragraph – quickly rejected by the USA president Obama. Furthermore State Department spokeswoman Victoria Nuland says Assads latest plan is detached from reality and would only allow the regime to continue its oppression of the Syrian people. Assad spoke Sunday in a rare public speech, outlining a new peace initiative that includes a national reconciliation conference and a new constitution. He ignored international demands to step down and pledged to continue the nearly two-year fight against rebels challenging his authoritarian rule. Nuland says Assad has lost all legitimacy and should step aside to allow for a political solution and a democratic transition that satisfies the Syrian people. My opinion to the actual situation is that, both USA and Syria should try to find solutions and not putting each other on side and trying to solve problems individually.

The Downfall of Tess in Thomas Hardys Tess of the DUrbervilles Essay

The Downfall of Tess in Thomas Hardy's Tess of the D'Urbervilles Tess of the D'Urbervilles is considered to be a tragedy due to the catastrophic downfall of the protaganist Tess. From the early days in her life, her father John had begun to destroy her, which then led to Alex D'Urbervill and eventually finished with Angel Clare. Each dominant male figure in her life cocntributed to her tragic downfall which the reader encounters at the end of the novel. It is unfortunate how one woman can be ruined by the three most important and dominant people in her life. Tess's downfall began with her experiences with her father. She grew up with a father who drank excessively and did not give her any type of guidance or support. His characteristics are revealed when he sends Tess to Tantridge to dliver the beehives, due to the fact that he is too drunk to do it himself. Rather than taking responsibility for the dreadful accident Tess had with the family's horse, he sends her to the D'Urbervilles mansion to seek their name and fortune. Following this, when Tess delivers her baby upon returning from Tantridge, the reader once again sees John's true sides of how horrible he is and how he destroys his daughter, by not letting the parson come and baptize her child, Sorrow, yet he is on the verge of dying. Her son's name reflects just how miserable she is and how much pain she is going through, because of Alec. Throughout these incidents the reader can see just how Tess is selfless andl oyal to her family and is focused on helping them, so she goes and seeks help from her family members. The outcome of this is unfortunately useable, her downfall. Tess's journey to Tantridge and her introduction to Alex is the be... ...one she could trust and rely on, but this had not occurred. Even though it was not intentional, Angel himself had driven Tess into Alec's arms, when he had left her. She was forced to go back to him, because of poverty and because of her family. When Tess found out Angel had returned from Brazil, she found the the only way out of her recently started relationship with Alec was by murdering him. It is distressing how all three dominant male figures in her life had chosen to hurt her so immensely. Unfortunetly Tess is very influence by people, whihc leads her to face many horrible incidents throughout her life. She is selfless, loyal and weak which makes it easy for her father John, Alec and Angel to hurt her and cause her pain, which eventually caused her downfall. Therefore it is correct; the catastrophic downfall of Tess is due to the men in her life.

Problem Areas in Legal Ethics Essay

Seeing as Wendy and Ben are both well provided for in Manuel’s will, and that their respective legitimes are protected under Articles 892, 894, and 897 of the New Civil Code, contesting the will simply to deprive Cora of Manuel’s bequeathal may be considered frivolous. For Louie to advise Wendy to sue based on unfairness may not be enough to justify the amount of time and energy that Wendy may expend in contesting Manuel’s will, a feat that may not prosper in the first place. Art. 892. If only one legitimate child or descendant of the deceased survives, the widow or widower shall be entitled to one-fourth of the hereditary estate. In case of a legal separation, the surviving spouse may inherit if it was the deceased who had given cause for the same. If there are two or more legitimate children or descendants, the surviving spouse shall be entitled to a portion equal to the legitime of each of the legitimate children or descendants. In both cases, the legitime of the surviving spouse shall be taken from the portion that can be freely disposed of by the testator. (834a) Art. 894. If the testator leaves illegitimate children, the surviving spouse shall be entitled to one-third of the hereditary estate of the deceased and the illegitimate children to another third. The remaining third shall be at the free disposal of the testator. (n) Art. 897. When the widow or widower survives with legitimate children or descendants, and acknowledged natural children, or natural children by legal fiction, such surviving spouse shall be entitled to a portion equal to the legitime of each of the legitimate children which must be taken from that part of the estate which the testator can freely dispose of. (n) In each of the instances in the articles reproduced above, Wendy will be well provided for in relation to Ben’s legitime, regardless of how he is recognized in relation to Manuel’s will. Louie may withdraw his legal services under Canon 22. 01(e) of the Rules of Professional Conduct. Canon 22 – A Lawyer Shall Withdraw His Services Only For Good Cause And Upon Notice Appropriate In The Circumstances. Rule 22. 01 – A lawyer may withdraw his services in any of the following case: (e) When the client deliberately fails to pay the fees for the services or fails to comply with the retainer agreement; Seeing as Wendy finds his standard fees unreasonable, and that she is not indigent (which would qualify her to demand equal treatment under Canon 14 and Rule 14. 4), that is, she is capable of paying his fees, there can be no reason for him to be stopped from removing himself from the case. Canon 14 – A Lawyer Shall Not Refuse His Services To The Needy. Rule 14. 04 – A lawyer who accepts the cause of a person unable to pay his professional fees shall observe the same standard of conduct governing his relations with paying clients. Similarly, there is nothing unfair or unreasonable regarding Louie’s fees as this is his standard service fee. There is absolutely no reason to be entangled in a situation enunciated in Canon 20. 04. Canon 20 – A Lawyer Shall Charge Only Fair And Reasonable Fees. Rule 20. 04 – A lawyer shall avoid controversies with clients concerning his compensation and shall resort to judicial action only to prevent imposition, injustice or fraud. Of course, Louie cannot invoke, as a reason for charging Wendy his fees, that the case would take too much of his time and skill as an attorney. Santiago vs. Fojas is specific in stating that a lawyer who accepts a case should â€Å"serve his clients with competence and diligence, and champion the latter’s cause with whole-hearted fidelity†¦Ã¢â‚¬  Manuel’s will meant for P500,000. 0 to be given to Cora. If Wendy litigates for its recovery with the promise to turn over the same to Louie, it defeats the purpose of said money as inheritance. Clearly the money was meant for someone else. Louie would appear to be fighting in court for his interests rather than that of Wendy’s alleged better right over Cora to the money. More importantly, such an agreement would constitute a champertous contract, which, as defined in Bautista vs. Gonzales: An agreement whereby an attorney agrees to pay expenses of proceedings to enforce the client’s rights is champertous [JBP Holding Corp. v. U. S. 166 F.  Supp. 324 (1958)]. Such agreements are against public policy especially where, as in this case, the attorney has agreed to carry on the action at his own expense in consideration of some bargain to have part of the thing in dispute [See Sampliner v. Motion Pictures Patents Co. , et al. , 255 F. 242 (1918)]. This would not constitute a contingency fee, which is defined in Taganas vs. NLRC: A contingent fee arrangement is an agreement laid down in an express contract between a lawyer and a client in which the lawyer’s professional fee, usually a fixed percentage of what may be recovered in the action is ade to depend upon the success of the litigation. This arrangement is valid in this jurisdiction. It is, however, under the supervision and scrutiny of the court to protect clients from unjust charges. Section 13 of the Canons of Professional Ethics states that â€Å"[a] contract for a contingent fee, where sanctioned by law, should be reasonable under all the circumstances of the case including the risk and uncertainty of the compensation, but should always be subject to the supervision of a court, as to its reasonableness†. Likewise, Rule 138, Section 24 of the Rules of Court provides: Sec. 4. Compensation of attorneys; agreement as to fees. — An attorney shall be entitled to have and recover from his client no more than a reasonable compensation for his services, with a view to the importance of the subject-matter of the controversy, the extent of the services rendered, and the professional standing of the attorney. No court shall be bound by the opinion of attorneys as expert witnesses as to the proper compensation but may disregard such testimony and base its conclusion on its own professional knowledge. A written contract for services shall control the amount to be paid therefor unless found by the court to be unconscionable or unreasonable. When it comes, therefore, to the validity of contingent fees, in large measure it depends on the reasonableness of the stipulated fees under the circumstances of each case. The reduction of unreasonable attorney’s fees is within the regulatory powers of the courts. A contingent fee is dependent upon a fixed rate agreed upon by both lawyer and client, dependent on the outcome of the case, albeit with a lower rate if they lose than if they win.

Progression of Morality Essay

Throughout the centuries, morality has guided the beliefs and actions of families as well as societies. It has brought them together but it has also torn them apart. These beliefs continue to be a dominant force throughout many societies, affecting everything from what people wear to how they behave. The progression of morality has been a powerful basis for societies. The spectrum of greater access to the ideas and customs of different cultures, because of technology mass media and entertainment, especially television, has resulted in a diverse cultural blending. As cultural ideas move with people among cultures, some beliefs seem to have a greater effect than others. Blending of Morality In the 21st century, ideas from the West have been one of the dominant forces in shaping cultures in many parts of the world. The United States domination of the worldwide mass media has influenced different cultures significantly, leaving behind a legacy of western customs and ideas. The English language is also spoken globally, mainly because of Europe’s history of colonization in the Americas, Asia, and Africa. It has emerged as one of the premier international languages. English is the most common language used on the Internet and is responsible, in part, for the emergence of a dynamic global culture. Western business suits are standard uniforms among many people. McDonald’s hamburgers and Coca-Cola soft drinks can be purchased in many countries around the world. Many Disney characters are now commonly recognized because of Human World Views: HUM 360 Walt Disney theme park locations in Paris, Tokyo, and Hong Kong. These examples of common dress, food, and entertainment all originate from America and are incorporated into other cultures. Western influence has also affected ways of thinking as well in many cultures with the expansion of materialism. This American mindset of placing high value on acquiring material possessions seems to have been adopted by many people of different cultures. Conflicts of Morality There have also been many historical conflicts among people of different racial, national, linguistic, or cultural groups. Some ethnic or religious groups have had moral issues that reach back for decades and, in some, for centuries. Examples of such conflicts would be â€Å"the troubles† between Catholics and Protestants in Northern Ireland (McKittrick & McVea, 2002) and the hostilities between Palestinians and Jews in the Middle East. People caught in these conflicts, that have been characterized by terrible violence, sometimes suffered torture or massacres of their whole towns or villages. An exemplification of such extreme immoral behavior is the violence imposed on the Kurds, a nomadic group in southwest Asia. For decades, Kurds have wanted their own separate country. But because their traditional lands cross the borders of three nations, it’s been an unsettling issue (McDowall, 2004). The Turks have responded to the Kurdish nationalism by forbidding Kurds to speak their native language. The Iranians have also persecuted the Kurds, attacking them over religious issues. In the late 1980’s, the Iraqis used chemical weapons on the Kurds, known as the Halabja Massacre or Bloody Friday , killing around 5,000 people (Esteri, 2012). Throughout history and present day, morality has played an important role in bringing people together. It has also, at times, driven them apart. Morality guides the beliefs and behaviors of its members. Whatever emotions it prompts, morality remains one of the most powerful influential forces on mankind in the world. ?