Integrity According to The Institute of Internal Auditors (IIA)‚ "The integrity of internal auditors established trust and thus provides the basis for reliance on their judgement". IIA further added that to be integrity‚ internal auditors: * Shall perform their work with honestly‚ diligence‚ and responsibility. * Shall observe the law and make disclosures expected by the law and the profession. * Shall not knowingly be a party to any illegal activity‚ or engage in acts that are discreditable
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Introduction When many people hear the word Enron‚ they immediately associate it with the most important accounting scandal of our lifetimes. Enron was an American gas company that began as the Northern Natural Gas Company in 1931. Internorth‚ a holding company in headquartered in Omaha‚ Nebraska‚ purchased the Northern Natural Gas Company and reorganized it is 1979. Enron arose from the 1985 merger of Houston Natural Gas and Internorth. After building a large‚ new corporate headquarters in Omaha
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Running head: CASE ANALYSIS OF THE ACCOUNTING FRAUD AT WORLDCOM Case Analysis of the Accounting Fraud at WorldCom Angela Crossley Troy University October 27‚ 2008 History The origin of WorldCom can be traced back to 1983. The CEO‚ Bernard J. Ebbers‚ of WorldCom had very interesting beginnings. He invested in Long Distance Discount Services (LLDS) with eight other investors‚ and believed that the telecommunications industry was a very good business venture. In the beginning
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entries from ‘corporate unallocated revenue accounts’ (Malik‚ 2003). Resources Bethany McLean‚ Peter Elkind‚ Smartest Guys in the Room: The Amazing Rise and Scandalous Fall of Enron‚ (Portfolio‚ 2003) Pg 6-10 Cynthia Cooper (2008). Extraordinary Circumstances: The Journey of a Corporate Whistleblower. Wiley. Ferrell‚ O. C.‚ Fraedrich‚ J.‚ & Ferrell‚ L. (2005). Business Ethics Ethical Decision Making and Cases. Boston‚ MA: Houghton Mifflin Company. Lynne W. Jeter (2003). Disconnected: Deceit and Betrayal
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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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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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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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¥ Describe a new insight you gleaned from the group’s approach. I am apart of group 4‚ we all came to the conclusion that Cynthia could be homeless‚ or being sexually abused based upon the assessment that was made. We as a group examined her background‚ socioeconomic status‚ belief system‚ and culture. We determined that when the social worker sees her‚ she must take into account the barriers to treatment such as language‚ positionality‚ her culture‚ age‚ gender‚ and tone of voice that is being
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