AUDIT FAILURE OF WORLDCOM Group 1 Background • WorldCom‚ first named LDDS (Long Distance Discount Services)‚ grew largely by aggressively acquiring other telecommunications companies in 1990s. • For a time‚ it was the United State’s second largest long distance phone company (after AT&T). Background However‚ the year 2002 comes… • In March‚ the SEC began to investigate WorldCom as it reported large profit while AT&T reported loss. • In May‚ Arthur Anderson was replaced by KPMG
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key factors that may lead the intelligence failures to occur. Through discovering various materials‚ I find out that the failures are commonly caused by a combination of internal and external errors. Before discussing some reasons for the error‚ we need to understand the nature of intelligence work. The work is an outcome of team effort‚ as it consist a series of human endeavours‚ therefore it cannot be completely accurate. In fact‚ the intelligence failure could cause an intelligence agency or government
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defective work. Some authors refer to these costs as “Cost of Poor Quality”. Sometimes poor quality costs refer only to the “failure” costs. Crosby refers to the COQ costs as “Price of conformance” (the prevention and appraisal costs) and the “Price of non-conformance” (the failure costs). These are divided into conformance and non-conformance costs‚ also called control costs and failure of control costs. Figure 1 Quality costs can be broken down into four broad groups. These four groups are also termed
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Danya P. Ms. Q English 1302 April 2013 New Criticism and the Poem “When I Heard a Learn’d Astronomer” During the early half of the 20th century‚ a new style of criticism emerged allowing literary texts to be examined as “independent and complete works of art” as defined by Linda Pavlovski (1). It is evident that literary works were and still are interpreted with aid from historical‚ biological‚ and even cultural perspectives but New Criticism advocates each work of literary can stand with its
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Rationalization of Failure Aesop’s short story "The Fox and the Grapes" tells of a fox failing to find a way to reach some grapes hanging high up on a vine. The story deals with the rationalization of the failure to attain a desired end. Rather than accept a personal failure by acknowledging our shortcomings or by unemotionally evaluating the circumstances that surrounded the failure‚ we rationalize and come up with an immediate excuse. We need to convince ourselves and everybody else who witnessed
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Ryan Cook POSI 4322 3:30 PM Market Failure Ideally‚ a free market is the means by which people exchange goods and services in a safe and unrestricted context. In a liberal democracy‚ such as that of the United States‚ it is accepted to varying degrees that government has a role in ensuring that the “free” component of markets does not develop into a force which undermines the “safe” component. Therefore‚ some restrictions are in fact necessary. This paradox of government restricting certain behaviors
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The term “heart failure” sounds as if the heart has already failed. This can increase a person’s anxiety especially in the aging population that is a targeted community for this disease assuming that the failure is equivalent to death. Heart failure is actually the decline in the hearts ability to sufficiently pump oxygenated blood to the rest of the body. Many people can live with heart failure and are able to manage it through lifestyle changes‚ prescribed medication compliance‚ and regular physician
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Weakness and fear of failure are rooted deep inside every person’s mind. It causes people to act through emotion instead of logic. In Things Fall Apart‚ by Chinua Achebe‚ Okonkwo is greatly affected by these emotions and makes horrible decisions that lead to his biggest failure. Okonkwo had worked his whole life striving for great success‚ however‚ with his mind on only the prize‚ he fell short by failing to maintain an important relationship with his son‚ letting his fear of colonization by the
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“Describe a moment of success.”‚ but I guess the prompt I can relate to the most is “Define a moment of failure”. For me this is the only topic that is easy to write about. I guess the moment of failure that I will choose to write about‚ is the moment I decided to not believe in myself. All I see around me is people with that light in their eyes that never ceases to fade. I see people with the dedication and self-confidence that I just wish I could possess. I see people with the courage to pursue
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questioned only when their employers discover that these graduates are semiliterate. 2 Eventually a fortunate few will find their way into educational-repair shops--adult-literacy programs‚ such as the one where I teach basic grammar and writing. There‚ high-school graduates and high-school dropouts pursuing graduate-equivalency certificates will learn the skills they should have learned in school. They will also discover they have been cheated by our educational system. 3 As I teach‚ I learn a lot
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