WorldCom Scandal A summary of WorldCom fraud would include having to describe the greed that would eventually destroy one of the largest communications companies in the United States and world. A humble motel owner‚ Bernard Ebbers took a small long distance company in 1983 and turned it into one of the most successful businesses in the country. It was not so much the business operations that caused the company to grow but the aggressive acquisitions that made the company grow. In its day‚ CEO Bernard
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Thesis: Why did Britain go to war? Between the late eighteen hundreds and late nineteen hundreds‚ England was described as being in “splendid isolation” from the rest of Europe until 1914. But why did Britain go to war? What rivalries were Britain involved and what treaties dragged her into the war? I need to look through the primary sources such as official reports‚ published interviews‚ addresses‚ and history textbook to gather facts; secondary sources from the internet will be needed as well
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Auditing Case 6.3 Question 1 Recent Developments in WorldCom Case * March 26‚ 2010: Third Distribution of Settlement Fund Made in Accordance with Court Order of September 18‚ 2009. * September 18‚ 2009: Judge Cote Grants Approval of the Final Distribution Plan * February 15‚ 2008: Second Distribution of Settlement Fund Made in Accordance with Court Order of January 23‚ 2008. * January 23‚ 2008: Judge Cote Grants Approval of Second Distribution of Net Settlement Fund. Question
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Transitioning into the 21st century‚ it was not computer systems that workers needed to worry about but rather the management of the company‚ and the tactics and behaviors that would ultimately lead to the downfall and closure of the company. One of the most famous was Enron‚ but another well known failure was that of WorldCom. WorldCom was a big player in the telecommunications industry‚ being the largest telecom carrier of Internet traffic. In 2002‚ WorldCom joined the ranks of failed companies
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The WorldCom scandal was actually brought to light by the internal auditor‚ Cynthia Cooper. Cooper and her team‚ Gene Morse and Glyn Smith uncovered the fact that line costs were being transferred to capital accounts. Cooper was originally tipped off to the fact that something was amiss when the head of WorldCom’s wireless business paid her a visit‚ upset that he was loosing $400 million that had been set aside to make up for shortfalls if customers didn’t pay their bills. Scott Sullivan‚ CFO of
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Topic: Why Did Dinosaurs Go Extinct? A Gradual and Sudden End to Their Reign Introduction: About 65 mya almost three quarters of the animal and plant species on earth went extinct. This mass extinction is known as the Cretaceous-Paleogene (K-Pg) extinction event. The Cretaceous was the last period of the Mesozoic Era which is when dinosaurs lived from about 250 to 65 mya and the Paleogene is the first period of the Cenozoic Era that started about 65 mya which is the Era that we are currently living
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Why was the Roman Army so Successful? The legions of Rome were one of the biggest factors in Rome’s success as an empire. They conquered vast quantities of land‚ and were often used by the government to improve the morale of people living in cities‚ which often had parts that were cramped and unsanitary. The legions were set apart from contemporary armies due to their level of organisation and especially as they fought as a unit and not as individuals‚ as many tribes did. The swords of the Roman
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Document 1 What did Hitler suggest was needed for Germany? Hitler thought Germany needed to take back the territories that were lost as part of the reparations of WWI. He thought the land was still theirs and they should take it back. How would that lead to war? Hitler wanted to take the lost territories by force‚ so that would easily lead to war. He said protests weren’t enough and they needed to fight which was implied by “a mighty sword” being necessary. Document 2 According to Haile Selassie
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the pilgrimage. The reason why Malcolm went to Mecca was because he wanted to established his own Muslim organization which stemmed from a desire in him to learn more about the historical origins of islam and the black race. His trip to mecca brought him to the awareness that the enemy was an international power ‚ arrangement which grew out of certain thought pattern. Furthermore‚ Malcolm X had heard about a Ku Klux Klan reward for his death. However He then felt that he faced much more imminent danger
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Ripped jeans‚ skateboarding‚ revolution‚ and so much more Punk Rock was an iconic moment in not only music but also in history itself. Punk Rock started in the mid-1970s and its new revolutionary style and music would last an eternity. This new age was the result of a disaffected few who’s desire to revolt would be a catalyst that ignited a movement that would fluctuate continuously for 40 years. One might ask: why was Punk Rock so prominent‚ so everlasting? In order to answer this‚ one must consider
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