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Sarbanes-Oxley

The Sarbanes-Oxley Act of 2002 can be known as the Public Company Accounting Reform and Investor Protection Act of 2002. Sarbanes-Oxley Act is commonly called SOX or Sarbox. SOX is a United States federal law enacted in response to a number of major corporate and accounting scandals including those affecting Enron, Tyco International, Adelphia, Peregrine Systems and WorldCom. These scandals, which cost investors billions of dollars when the share prices of the affected companies collapsed, shook public confidence in the nation's securities markets. Sarbanes-Oxley is named after sponsors Senator Paul Sarbanes and Representative Michael G. Oxley. Auditor conflicts of interest: Prior to SOX, auditing firms, the primary financial "watchdogs" for investors, also performed significant non-audit or consulting work for the companies they audited. Many of these consulting agreements were far more lucrative than the auditing engagement. This presented at least the appearance of a conflict of interest. For example, challenging the company's accounting approach might damage a client relationship, conceivably placing a significant consulting arrangement at risk, damaging the auditing firm's bottom line.

Software as a Service

Software as a Service is a model of software deployment where an application is hosted as a service provided to customers across the Internet. By eliminating the need to install and run the application on the customer's own computer, SaaS alleviates the customer's burden of software maintenance, ongoing operation, and support. Conversely, customers relinquish control over software versions or changing requirements; moreover, costs to use the service become a continuous expense, rather than a single expense at time of purchase. Using SaaS also can conceivably reduce that up-front expense of software purchases, through less costly, on-demand pricing. SaaS lets software vendors control and limit use, prohibits copies and distribution, and control all derivative versions of their software. This centralized control often allows the vendor to establish an ongoing revenue stream. The SaaS software vendor may host the application on its own web server, or this function may be handled by a third-party application service provider (ASP). This way, end users may reduce their investment on server hardware too.

Solar Energy

Solar energy refers to the utilization of the radiant energy from the Sun. Solar power is used interchangeably with solar energy, but refers more specifically to the conversion of sunlight into electricity, either by photovoltaics and concentrating solar thermal devices, or by one of several experimental technologies such as thermoelectric converters, solar chimneys or solar ponds. Solar energy and shading are important considerations in building design. Thermal mass is used to conserve the heat that sunshine delivers to all buildings. Daylighting techniques optimize the use of light in buildings. Solar water heaters heat swimming pools and provide domestic hot water. In agriculture, greenhouses expand growing seasons and pumps powered by solar cells (known as photovoltaics) provide water for grazing animals. Evaporation ponds are used to harvest salt and clean waste streams of contaminants. Solar distillation and disinfection techniques produce potable water for millions of people worldwide. Simple applications include clotheslines and solar cookers which concentrate sunlight for cooking, drying and pasteurization. More sophisticated technologies concentrate sunlight for high-temperature material testing, metal smelting and industrial chemical production. A range of experimental solar vehicles provide ground, air and sea transportation.

Solar Hot Water

Solar hot water systems use sunlight to heat water. In low geographical latitudes (below 40 degrees) from 60 to 70% of the domestic hot water use with temperatures up to 60 °C can be provided by solar heating systems. The most common types of solar water heaters are evacuated tube collectors and glazed flat plate collectors (34%) generally used for domestic hot water; and unglazed plastic collectors (21%) used mainly to heat swimming pools. As of 2007, the total installed capacity of solar hot water systems is approximately 154 GW. China is the world leader in their deployment with 70 GW installed as of 2006 and a long term goal of 210 GW by 2020. Israel is the per capita leader in the use of solar hot water systems with 90% of homes using them. In the United States, Canada and Australia heating swimming pools is the dominant application of solar hot water with an installed capacity of 18 GW as of 2005.
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