...There are an estimated 153 million orphans in the world who have lost one parent. Another eighteen million has lost both parents and are living on the street or in orphanages (Winkler 912). In the world of adoption many have been confused on weather domestic adoption or foreign adoption should come first. There are several organizations created for each type of adoption, however there are not many that perform both. Thesis: Although every type of adoption should be prioritized the reality is that to be the most efficient they need to focus on one thing at a time. In this case they should focus on changing international adoption for the better by creating better costs, focus on pre adoption living conditions, safety during adoption, and post...
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...Child Trafficking Herman noble University of Alabama at Birmingham May 7 2012 Human trafficking has become an international problem that has developed into a world social issue. There are many forms of human trafficking such as child trafficking, abduction, and laundering. This is a major problem because human trafficking is illegal and a violation of human rights. Nevertheless, this repulsive act is continuously committed. Poverty, greed, corruption, supply and demand, is the components of human trafficking. Some have argued and defined human trafficking as the removing of any orphan from their culture and placing them in an unrelated different environment. Nevertheless, it is the poor non-educated families from developing or sending nations that suffer the most. Kenya and other nations have been affected by human trafficking in one way or another, while the United State avoids legal responsibility and accountability in such matters. Kenya’s issue is child abduction. This type of human trafficking is increasing around the world. Children are abducted and forced to fight in armies. The majority of the world’s conflict is fought by children. Healy (2008) states: Children are recruited primarily because they are easily to control and indoctrinate…Some are abducted or conscribed by force;…Girls are abducted into armies, some to serve as soldiers, others for sex, and often both(p.96). Bondo district, Kenya is characterized by high levels of poverty, and a HIV prevalence...
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...Adoption is one of the alternative ways to create a family. Adoption may come to one for many reasons but it is a lifelong commitment emotionally, physically, and spiritually. There are many reasons children are given up for adoptions, it could be a young mother who is not yet ready for the responsibility, the cause of the child’s birth parents being deceased, teenage pregnancy, or a traumatic event such as rape. One has the choice of either adopting domestically or internationally. Domestic adoption is the placing of a child in the same country as the child’s birth. This may be done through the foster care system, a private agency and the state. International adoption is where the person adopting whether it is an individual or a couple would become the legal and permanent parents of the child that was born in another country. Many people could be discouraged by adoption because of the time frame it would take for them to be granted a child. The cost of adoption may vary because there are many different ways to adopt a child in the United States. Due to the cost and waiting period of adoption many children in the United States are not being adopted. The adoption process involves three phases. Phase one is the termination of the parent’s rights. In most cases the termination of parental rights is voluntary although the time frame in which the birth parents may change their minds can change from state to state. Once an adoption has been finalized it is extremely difficult...
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...What is international adoption? It is a means to which a couple can legally become parents of a child from another country, and bring them to permanently live in their home (US Department of State, 2013). There are several reasons for which parents would adopt which will be discussed further. Inevitably the adopted child will have different experiences throughout life as opposed to the biological child. Beginning at a very early age where the child may not know that they are adopted, continuing into the developmental years and through to adulthood, the adoptee will have many experiences that are mostly issues of the adopted community. These experiences can have a profound effect on the adoptee both socially and psychologically, and will affect...
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...standards are trustworthy statements is the reflection of financial statements to be presented to the stakeholders . United kingdom has already adopted IFRS since 2005.I would be discussing on adoption of IFRS by United kingdom for this paper. The United Kingdom has already adopted IFRS for the consolidated financial statements of all companies whose securities trade in a regulated market” (EU Law).The IAS Regulation requires companies with securities either equity or debt acknowledged to trading on a regulated market of any member state of the European Union to use international accounting standards in preparing their consolidated financial statements. As a member state of the European Union, the United Kingdom is subject to IAS Regulation adopted by the European Union in 2002. The EU IAS Regulation requires application of IFRS adopted by the EU for the consolidated financial statements of European companies whose securities trade in a regulated securities market starting in 2005. In the United Kingdom, this would include the London Stock Exchange Main Market. Foreign companies whose “securities trade in a regulated market in the UK is required to report under IFRS as adopted by the EU for their consolidated financial statements” (EU Law). 2. Did the country adopt IFRS or did they make changes to IFRS to adapt to their country’s culture or regulations? The adoption of...
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...Jasmine Brooks International Adoption 3rd Block English III Mrs. Myer Due: December 19, 2011 Reflection Journal What I Know: There are two kinds of adoptions, international adoption or domestic adoption. International adoption is adopting a child from another country; domestic adoption is adopting a child within the United States. I was domestically adopted along with my sister. We both came from Chicago and were born there. Even though I was domestically adopted, I’ve always had a growing interest in international adoption and hopefully someday I can adopt two children from Ethiopia. I know adopting children from other countries is an incredible opportunity. Most children that are adopted come from third-world countries. They are usually orphans because their mothers or other family members can’t afford it or physically unable to take care of them. For example in China, babies that are born which most of the time are girls are abandoned because their parents would suffer penalties for violating the population control policies. What I need to know: I need to know why some people have a problem helping other countries that are in need. Also, I need to know why international adoption is more structured than domestic adoption when it seems like domestic would be easier since it’s within the United States. I need to investigate the number of orphans worldwide. I don’t know why Americans can’t adopt children from Western Europe, Australia, or Canada. Where I Stand: ...
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...International Adoption Imagine being a young, poor, child in a third world country that has lost their parents and in a foster care system. International adoption can help these less fortunate children and provide them with with a loving and caring family and has a roof over their head. International adoption can change these children’s lives in so many ways. International adoption is very popular in the United States. According to an article entitled “International Adoption”, since the mid 40’s and the end of WWII, thousands of children have been adopted internationally. Majority of the children that were adopted by United States citizens were abandoned by their parents because they couldn’t care for them because of personal reasons or strict laws (International Adoption). International adoption has gained a lot of popularity since its peak in the mid 40’s. More than 125,000 children have been adopted in the past couple of years (Adoption Statistics). Although internationally adopting children from around the globe may seem like a swell idea, there are...
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...Accounting Horizons Vol. 24, No. 3 2010 pp. 355–394 American Accounting Association DOI: 10.2308/acch.2010.24.3.355 Global Accounting Convergence and the Potential Adoption of IFRS by the U.S. (Part I): Conceptual Underpinnings and Economic Analysis Luzi Hail, Christian Leuz, and Peter Wysocki SYNOPSIS: This article is Part I of a two-part series analyzing the economic and policy factors related to the potential adoption of IFRS by the United States. In this part, we develop the conceptual framework for our analysis of potential costs and benefits from IFRS adoption in the United States. Drawing on the academic literature in accounting, finance, and economics, we assess the potential impact of IFRS adoption on the quality and comparability of U.S. reporting practices, the ensuing capital market effects, and the potential costs of switching from U.S. GAAP to IFRS. We also discuss the compatibility of IFRS with the current U.S. regulatory and legal environment, as well as the possible macroeconomic effects of IFRS adoption. Our analysis shows that the decision to adopt IFRS mainly involves a cost-benefit trade-off between ͑1͒ recurring, albeit modest, comparability benefits for investors; ͑2͒ recurring future cost savings that will largely accrue to multinational companies; and ͑3͒ one-time transition costs borne by all firms and the U.S. economy as a whole, including those from adjustments to U.S. institutions. In Part II of the series ͑see Hail et al. 2010͒, we provide an analysis...
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...Inter-country Adoption: A Brief Background and Case Study Inter-country adoption (ICA) is a practice that has gained popularity over the years, and there is every reason to believe this trend will continue. For couples (or individuals) whose country of residence has few healthy babies available for adoption, going outside the country for a child is a desirable option. It is also desirable from the perspective of the child, who usually comes from a country with more available children than potential adoptive parents. Right away, these seem to be two very compelling reasons to support the idea of inter-country adoption, and work toward its best model. The purpose of this paper is to give an overview of inter-country adoption using India as a case study. The paper will give a brief background of ICA and the main problems it both addresses and raises, then look at the case of India in particular, and, finally, provide some directions for policy and further research. Background on ICA ICA began in earnest as a response by North American countries to the post-WWII devastation. At that point, it was a humanitarian reaction to the needs of the newly-orphaned children in Europe. Since that time, ICA has shifted its focus to become a means for individuals in the developed world to have children. In most Western nations, the number of healthy infants available for adoption has been steadily decreasing, due to a number of social and economic factors including widespread...
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... Will the U.S. Officially Adopt IFRS? Initially, as a student relatively new to the study of international accounting standards and regulations, I assumed that the United States would be leading the efforts of an internationally accepted accounting standard, and I was both correct and incorrect in that assumption. The fact that the U.S. has the economic influence that it has, and its ties around the world, my assumption that other countries would follow suite, in hind sight, was naive. Days into my research, after being flooded with circumstantial evidence and factual evidence and information both supporting and denouncing the United States influence on this topic, I came up with one conclusion and one conclusion only, the U.S. will adopt IFRS or a future IFRS-like standard that is fully recognized by the international community, and it will not be U.S. GAAP. I am not stating that U.S. GAAP will no longer exist; I am saying that IFRS will be accepted as an equal to the U.S. GAAP and in the future, U.S. domestic reports will reflect and be tailored to IFRS requirements ultimately taking precedents over domestic accounting principles in an effort to save time and money. As we have all learned over the years, large scale changes in the United States take time and they are often slowly integrated over the years to not upset the delicate balance of domestic politics and international relations. First, we must understand what IFRS truly is and how it is slowly being integrated...
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...Deal or No Deal: Should the United States of America Adopt the International Financial Reporting Standards? Since 1936, accountants in the United States have been following a set of generally accepted guidelines, historically set by the American Institute of Certified Public Accountants, for their practices. These guidelines have come to be known as the Generally Accepted Accounting Principles, or GAAP. Since their creation, these principles have protected companies and investors from fraud, as accounting practices can sometimes be questionable. The GAAP holds companies accountable for their financial reporting activities and includes rules accountants must follow regarding recording transactions and preparing financial statements. Recently, there have been questions regarding the Generally Accepted Accounting Principles in the United States as opposed to the International Financial Recording Standards, or IFRS ; and whether or not the United States should adopt these new accounting standards. There are a number of pros and cons to the International Financial Recording Standards as well as the Generally Accepted Accounting Principles; however, I do not think that the United States should fully adopt the IFRS considering the history of the GAAP and the reason for the creation of its principles. As previously mentioned, the American Institute of Certified Public Accountants (AICPA) has been responsible for setting accounting standards. In 1973, the Financial Accounting Standards...
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...In America the majority of people have some experience with adoption, whether through being a part of a family with an adopted child or being an adopted child themselves. Through the process of adopting, the “court declare a person who is not a child’s natural parent to be the child’s legal parent and the relationship to be permanent.” Often when talking about adoption one will hear the term triad which, “refers to the three main people or groups of people directly involved in all adoptions.” These groups include the birth parents or biological parents, the adoptive parents or those adopting the child, and the adoptee or the child being adopted. The first step in the process of adoption is determining if one would like a closed or open...
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...Mason Marideth Professor James Rogers Management 368 5 December 2014 Ethical Issues in International Adoption Bringing home a new child is one of the most rewarding moments of a parent's life, and I'm certain any mother would agree. Though not all women are graced with the natural ability to create such precious life, it doesn't mean that bringing a new child home is not possible. Adoption gives families the chance to raise and love children of their own even if they are incapable of producing offspring themselves, including my own family. I currently share a home with my nine year-old sister who was adopted from Guatemala when she was only ten months old. Although my dad and stepmother raised her since she was an infant, she is definitely unique from me and my natural brother. He and I tend to shy away from excessive social interaction while my little sister thrives on it. Everyone in the neighborhood knows Alanna. Alanna has given us so much just by being a part of our family. Without our dusky, curly haired girl, our lives would be bleak and boring. Adoption has given my stepmother a chance to raise her own child when she otherwise could not. Having a child was so important to my stepmother and biological father that they spent thousands of dollars and countless hours working with an adoption agency. International adoption was more appealing than adopting within the country because the likelihood a biological parent would try to regain custody in the future was far less...
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...19 years ago, a 19 year old Hispanic woman named Sasha realized she was pregnant for the second time. Her first pregnancy, two years earlier, had already caused tension in her family and she was even disowned by some of her relatives. When her parents found out about the second pregnancy, she was kicked out of the house and told to put the baby up for adoption. While this was happening, a Caucasian couple from Kalona, Iowa had been trying get pregnant with no success. Through family and friend connections, a plan was set in place for the Caucasian couple to adopt the Sasha’s baby. Sasha’s mother was not happy about this. A Hispanic child should be raised by Hispanic parents. Some of the adoptive parents’ relatives were not happy either. White...
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...There are 2 types of adoption, national and international adoption. In this essay I will be defining international adoption and the pros and cons of it. International adoption is when a person or family adopt children out of the country. International adoption fakes strong transnational bonds: It establishes parental ties between an individual or a couple and a child who is a citizen of another country. For some adoptive parents, international adoption gives them a way to expand their families. For others, it fulfills a humanitarian impulse to care for a child who might otherwise face a harsh future. 8 months to one and a half years old are the most popular age range of when the children get adopted. Infants are typically about six months old...
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