Sum-Wk-7
Aanil 
LegalCompliance.zipContractLaw.docx
Running Head: LAW 1
LAW 3
Contract Law
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The contract law also gets to provide guidance that is valuable to the employees in relation the what they are supposed to do so that they become successful within their positions. It has also helped greatly in enabling each party to know what is required of them at the workplace. Basically, the two parties become participants in making negotiations until they identify the compromise that is required. This has greatly helped the firm greatly since it desires to safeguard the trade secrets or their copyright material. Contest law has also helped on ensuring the workplace does not have disputes. In case of a dispute, regarding a specific aspect within the employment, the two parties simply end up reviewing the contract terms to solve the issue (Scott and Schwartz, 2021).
References
Kwok, A. O., Watabe, M., & Ahmed, P. K. (2021). Psychological Contract and Rewards in the Workplace. Augmenting Employee Trust and Cooperation, 23-41. Retrieved from https://link.springer.com/chapter/10.1007/978-981-16-2343-1_3
Scott, R. E., & Schwartz, A. (2021). The Intractable Production Problem in Contract Law. Columbia Law and Economics Working Paper, (641). Retrieved from https://papers.ssrn.com/sol3/papers.cfm?abstract_id=3788595
FISMAImpact.docx
Running Head: FISMA 1
FISMA 4
FISMA Impact
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The federal information security management act is basically a United States legislation known for defining a guidelines framework as well as security standards for protecting information as well as operations of the government. They are security policies that were implemented to be adhered to by the federal agencies. Framework for risk management got signed into law to be a section of the 2002 electronic government act which later on got ended and updated. Since 2002, it has had an extensive scope applicable to the state agencies accountable for administering federal programs, service providers plus private enterprises that have a contract with the government of the United States. A reduction in federal funding or additional penalties might be due to non-compliance (Gatehouse, 2020).
FISMA affects ones work in that there happens to be minimal paper-trails this is due to the fact that agencies will be required to replace the annual checklists that are arduous with systems monitoring that are continuous to give assurance of appropriate measures of security. With the changes in FISMA, each single breach of data is supposed to get reported to the congress. Advanced oversight attention will end up compelling institutions to have enhanced understanding of breaches making it difficult to have them swept under the carpet. Another impact is that reforms that are new might come at a pace that is faster. This will enable for changes in sweeping that might end up disrupting agency operations at a rapid pace that in previous years. Another known impact is that the agencies will end up carrying a burden that is heavier, this is due to the fact that it forces them to take actions instead of just sitting without any action. The amendments that are made enable the agencies to have the independence into utilizing their resources at their personal discretion, this is at the absence of having any extra oversight (Nugent, 2021)
References
Gatehouse, S. (2020). Information Security Regulations. In Implementing Information Security in Healthcare (pp. 55-64). HIMSS Publishing. Retrieved from https://www.taylorfrancis.com/chapters/edit/10.4324/9781003126294-6/information-security-regulations-susan-gatehouse
Nugent, T. (2021). Differences in Information Security Behaviors Between Government Employees and Government Contractors (Doctoral dissertation, Capella University). Retrieved from https://search.proquest.com/openview/21cc39291a040addd05a10bbb2976b08/1?pq-origsite=gscholar&cbl=18750&diss=y
Sarbanes-OxleyAct.docx
Running Head: ACT 1
ACT 4
Sarbanes-Oxley Act
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The act of Sarbanes-Oxley is known to have had an effect that is profound on the governance of a corporate within the United States. It basically needs the public organizations to have their audit committees strengthened, conduct control sets that are internal, make the officers as well as the directors to become personally accountable for the financial statements accuracy as well as strengthen disclosure. It is mainly considered to be a federal law that played an essential role in establishing a sweeping auditing in addition to financial regulations for the public organizations. The lawmakers when creating this particular legislation, they had an objective of ensuring the stakeholders are protected, workers as well as the public from any errors in accounting in addition to financial practices that are fraudulent. It is a regulation that altered disclosure in addition to the reporting necessities. It aims on enhancing investors trust within the capital markets once more, after encountering various balance as well as accounting scandals in between the year 2000 and year 2002 (Ferraro, 2021).
The impacts of Sarbanes-Oxley Act is that it has greatly restored the confidence of the investors within financial markets alongside closing loopholes that enabled the public institutions to have the investors defrauded. It has altered the responsibility of the management for significant financial reporting. This act needs the too managers to certify personally the financial reports accuracy. In case a top manager with knowledge or out of their own free will make a certification that is false, they might end up facing in between ten to twenty years within prison. In case a firm is required to make an accounting statement because of misconduct of the management, the top managers might be forced to give up their profits or bonuses that are acquired from the sale of the firm’s stock. (Fauzi and Sitompul, 2020).
References
Ferraro, F. (2021). The impact of the Sarbanes-Oxley Act in IT Audit. Case Study: An Information System Audit project for an international company (Doctoral dissertation, Politecnico di Torino). Retrieved from https://webthesis.biblio.polito.it/secure/cgi/set_lang?lang=it&referrer=https%3A%2F%2Fwebthesis.biblio.polito.it%2F17660%2F
Fauzi, A., & Sitompul, A. (2020). The Impact of Internationalization of Sarbanes-Oxley Act to the US Listed Indonesian Companies. Randwick International of Social Science Journal, 1(2), 182-192. Retrieved from http://www.randwickresearch.com/index.php/rissj/article/view/43
POLICYSTATEMENT.edited.docx
Running Head: POLICY STATEMENTS 1
Running Head POLICY STATEMENT 3
POLICY STATEMENT
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Policy Statement Section Overview
Privacy maintenance is the most important task for every business. With the introduction of technology, this task has become the most challenging task in business today. Privacy not only involves the information that businesses receive from their employees and customers, but it also includes the daily interaction of the employees and customers. Privacy policies not only protect the customers or users but also have an impact on the business brand depending on how the policy is working. Privacy policies can either build the name of the company or destroy the name of the company also depending on how it works (Feed, 2021). The privacy policies in a business are meant to be followed by every member of the business. Starting from stakeholders, employees, and the customers. Each member has to adhere to every privacy policy set by the company and there are consequences for those who go against these privacy policies.
Policy Statements Contents
Our user's private information is important to us therefore we have to protect the information that our users provide to us. But the user needs to be aware that not all online transmission methods are 100% safe. We cannot promise or guarantee absolute security to your personal information although we strive to use the best security measures to maintain higher standards of security (Maria, 2021). Our customers and user are our priority and we are here to ensure that all the privacy rights of each user are protected. Anyone who provides their private information without the companies consent should be ready to serve their actions. Users are not allowed to provide their private information to any random internet service even if it is under the name of our company. Users are also supposed to withhold their transactional information and not display the information to anyone.
References
Maria P. 2021. Sample Privacy Policy Template. (https://www.privacypolicies.com/blog/privacy-policy-template/#:~:text=A%20Privacy%20Policy%20is%20a,or%20sold%20to%20third%20parties.).
Terms Feed, 2021. Sample Privacy Policy Template. (https://www.termsfeed.com/blog/sample-privacy-policy-template/).
