From the Desk of: Imran Omer Case Study: WorldCom From its beginnings as a long distance call player to handler of Internet data traffic‚ WorldCom was a spectacular firework in the sky before it crashed out as one of the biggest bankruptcies America has witnessed in its corporate history. WorldCom carried more international voice traffic than any other company. It carried a large amount of the world‟s Internet traffic. WorldCom owned and operated a global IP (Internet Protocol) backbone that
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section of American Greed: Inside the WorldCom Scam: http://www.screencast.com/t/zBXF74I1sao You can watch the entire documentary here: http://www.hulu.com/watch/46554‚ but this is not needed for the discussion. Please discuss the following point: Cynthia Cooper (not shown in the clip) and her colleagues (for example‚ gentleman talking about the fraud) worried about their revelations bringing down the company. Her boss‚ CFO Scott Sullivan‚ asked her to delay reporting her findings for one quarter. She
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Assume Jose and Emily is CPAs and members of the AICPA. What Ethical standards in the Code of Professional Conduct should guide them in dealing with the manager’s inability to support travel and entertainment expenses? Response: Ch1. Cynthia Cooper‚ Real Hero pg.3 11 billion of fraudulent money and misallocations. CEO fired - mismanagement Accomplices - jail Integrity: say things with conviction. Does the end justify the mean pg.8 Trustworthiness pg. 8 Respect Responsibility Caring
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WorldCom Scandal Formerly known as WorldCom‚ now known as MCI‚ this U.S.-based telecommunications company was at one time the second-largest long distance phone company in the U.S. Today‚ it is perhaps best known for a massive accounting scandal that led to the company filing for bankruptcy protection in 2002. In 1998‚ the telecommunications industry began to slow down and WorldCom’s stock was declining. CEO Bernard Ebbers came under increasing pressure from banks to cover margin calls on
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Coca-Cola Case Study: An Ethics Incident Dr. Wilhelmina Ford Dr. Robert Stephens Dr. Linda Cooper Macon State College Archive of Marketing Education August‚ 2007 Coca-Cola Case Study: An Ethics Incident Introduction The Sarbanes-Oxley Act of 2002‚ sponsored by US Senator Paul Sarbanes and US Representative Michael Oxley‚ represents the biggest change to federal securities laws since the New Deal. (11). One of the first companies to become involved in the new act was the Coca-Cola
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Enron case. The Worldcom case is particular in the sense in the way the fraud was discovered by an internal audit. Indeed‚ several employees led by Cynthia Cooper‚ an internal auditor at Worldcom assigned in operational auditing‚ started to be more and more suspicious about the situation of their company when a senior line manager complained to Ms. Cooper that her boss‚ CFO Scott Sullivan‚ had usurped a $400 million reserve account he had set aside as a hedge against anticipated revenue losses. The
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Sharon Watkins earned her 15 minutes of fame the honest way‚ as the Enron employee who blew the lid off of then CEO Ken Lay ’s debauchery. But for every celebrated whistleblower‚ there are hundreds who remain in the shadows. And for good Samaritans who do tell their tale‚ the price they pay can be exorbitant. Whistleblowers perform in many careers and are found at all levels of an organization: scientists and secretaries‚ lawyers and paralegals‚ managers and staff‚ security personnel and computer
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to stop‚ Ramos should consider alternative ways to collect the required data from other sources. This is depicted in the case of Worldcom Saga. The vice president of internal audit – Cynthia Cooper decided to investigate anomalies in the company’s accounting entries. Although‚ the CFO – Scott Sullivan had chided Cynthia for snooping around the accounting treatment‚ but she and her team still working on it behind the closed door. Ultimately‚ her team had successfully revealed the massive fraud that
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7/22/13 WorldCom Search » Ethics Home Page About the Center Focus Areas Bioethics Business Ethics Campus Ethics Character Education Government Ethics Internet Ethics More... Publications Ethics Articles Ethics Cases Ethical Decision Making Videos Ethics Blogs Podcasts E-letter/Subscribe Contact Us Site Index WorldCom1 By Dennis Moberg (Santa Clara University) and Edward Romar (University of MassachusettsBoston) An update for this case is available. 2002 saw an unprecedented number of
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the Department of Health‚ Education‚ and Welfare had drafted the regulations for Title IX‚ including one section‚ which dealt with athletics. It requires institutions to "effectively accommodate the interests and abilities of members of both sexes(Cooper 2003)." This required drastic changes. Athletic facilities and support services for men and women now had to be provided on an equal basis. No longer could you focus all your marketing on male sports while ignoring the female sports. The same went
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