Business Ethics Final Project Extraordinary Circumstances Stephanie Burg 2/16/2009 Table of Contents Mission Statement 3 Ethical Principles/Tenets 4 Day to Day Operations 5 Cynthia Cooper and the Culture 6 Conclusion 8 Works Cited 10 1)Provide a Mission Statement and brief background about WorldCom. Briefly explain how WorldCom did not honor their statement. WorldCom - "our objective is to be the most profitable ‚ single source provider of communications services to customers around
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case study of Cynthia Cooper The Scenario One May afternoon‚ while sitting in his cubicle at WorldCom Inc. headquarters located in Clinton‚ Mississippi‚ Gene Morse was stunned to find an accounting entry for $500 million in expenses‚ which was not accounted for with any invoices. He immediately reported this entry to his boss‚ vice president of internal audit Cynthia Cooper (Pulliam & Solomon‚ 2002). Little did they know at the time that this discovery would begin a journey for Cooper and her team
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worked with Cynthia on their secret investigation? Gene Morse and Glyn Smith What made the internal auditors think that possibly there was a need to investigate WorldCom’s accounting? The internal auditors thought that there may be a need to investigate with WorldCom’s accounting stemmed from an unjustified $400M reserve reversal which bumped revenue. When the inquiry was made as to the justification for this reversal‚ Anderson provided no explanation except that it was “fine”. Cooper was then received
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According to the twelve steps the company does have what they need as long as they fellow the steps. The lens is Normative‚ the teleological framework is ethical Egotism‚ and the deontological framework is Kant’s ethics 3. Do you view Cynthia Cooper as an ethics exemplar in this case? Explain She is the exemplar in this case‚ because of every step she took and instructed her staff to take‚ as well flowing through with her findings allowed them to uncover the fraud of the two sets of books
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Case 2-1 Cynthia Cooper and WorldCom Cynthia Cooper details her trials and tribulations about her experiences at WorldCom in the book Extraordinary Circumstances: The Journey of a Corporate Whistleblower. The following excerpts from the book describe the actions she took to uncover the fraud at WorldCom and reactions of key players in the accounting department‚ top management‚ the audit committee and the external auditors. Cooper was first alerted to the fact that there may have been a problem
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Introduction and Aim of the Review This review of WorldCom is based on the Extraordinary Circumstances by Cynthia Cooper. The purpose of review report is to conclude whether WorldCom satisfied the Code of Ethics and the Attribute and Performance Standards set forth by the IIA. Background WorldCom was one of the largest telecom companies in the world during 1996 to 2002. The company helped to grow a small regional company that bought and re-sold long distance in the South into an international
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J‚ 2002‚ Wrong numbers: The Accounting Problems at WorldCom‚ Testimony Before the House Committee on Financial Services‚ Viewed 10 October 2013‚ http://news.findlaw.com/hdocs/docs/worldcom/070802jstst.pdf. Amanda R‚ 2008‚ Q&A: Whistle-Blower Cynthia Cooper‚ Time‚ Viewed 10 October 2013‚ http://content.time.com/time/arts/article/0‚8599‚1709695‚00.html. The Wall Street Journal‚ 2002‚ Former WorldCom CEO Built An Empire on Mountain of Debt‚ Viewed 10 October 2013‚ http://online.wsj.com/article/SB1041285560418700753
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Why is it that people enjoy watching and listening to specific interviewers like Anderson Cooper and Barbara Walters more than others? Many journalists who interview a specific person usually ask many of the same questions. So if interviewers ask almost all of the same questions‚ why is it that certain ones gain popularity? It is because reporters like Anderson Cooper and Barbara Walters obtain reflective answers and emotional responses from their interviewees that many of their peers are unable
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approximately $350 million today. In June of 2002‚ Cynthia Cooper‚ Vice President of internal audit‚ uncovered suspicious capitalizing of line costs that had been treated as expenses in prior years. Cooper brought the "accounting discrepancy" to the attention of Scott Sullivan‚ Chief Financial Officer at the time. Sullivan dismissed Cooper’s concerns and attempted to convince her to postpone the audit. Unfortunately for Sullivan and Ebbers‚ Cooper continued her investigation and presented her findings
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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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