WorldCom: internal audit lessons to be learnt On June 9 2003‚ the U.S. Bankruptcy Court of New York issued a report on the WorldCom accounting fraud that expands on the court’s earlier findings of mismanagement‚ lack of corporate governance‚ and concern regarding the integrity of the company’s accounting and financial reporting functions. Supervised by former U.S. Attorney General Richard Thornburgh‚ the study was commissioned by the court to investigate allegations including fraud‚ mismanagement
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Exam Notes Basic APA Style • In text o (Hill‚2013) quotation (Hill‚ 2013.p.145) Critical: Takes time and implies careful attention looking below the surface to find the motivation and context as well as what assumptions are involved and what is not there. Criticism: • A close analysis of a text resulting in evaluation. o A close analysis and judgment of something • Not always negative‚ you can evaluate a text and be positive. o Involves both positive negative or even neutral feedback
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THE ArceDairy ice cream line consists of their premium or supreme‚ classic‚ regular‚ sugar-free‚ sherbet‚ and “sorbete de caro” flavors. The latter‚ made from fresh coconut milk‚ is reminiscent of the “dirty” ice cream sold in pushcarts by itinerant vendors. The company also makes “lower-end” popsicles they sell in the provinces under the Medinilla label as well as ice-cream bars featuring various flavors. Dennis S. Arce‚ vice president for finance of ArceFoods Corp.‚ the company that produces
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COMPREHENSIVE PROBLEM 3 SPRINGDALE RETAIL‚ INC. a. Springdale Retail‚ Inc. Income Statement For the Year Ended December 31‚ 2015 Sales Less: Sales returns and allowances Net Sales Cost of goods sold Gross profit Operating expenses: Salaries Rent Expense Utilities expense Depreciation expense: office equipment Insurance expense Office supplies expense Income before income taxes Income tax expense Net income $ $ 88‚095 6‚100 4‚120 2‚750 900 520 $ $ 226‚000 2‚500 223‚500 100‚575 122‚925 102‚485
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The UA COM-P is my top choice of medical school as its mission perfectly aligns with my personal goals and values. UA COM-P mission will allow me to collaborate and team up with diverse students from different backgrounds. The medical program at UA COM-P will help shape me into a skillful‚ creative‚ ethical‚ and compassionate physician. I will have the opportunity to conduct research alongside distinguished faculty members. Finally‚ given the history‚ reputation‚ and the location of UA COM-P‚ I would
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Communication in Interpersonal Relationships Benjamin M. Phelps COM 200 Mrs. Joyce Walther October 4‚ 2010 Communication in Interpersonal Relationships Today many people still lack the ability to communicate effectively with in interpersonal relationships. It is through cooperation and collaboration that effective communication occurs. By analyzing and studying the communication process we can improve our ability to communicate effectively between one another. To have a successful interpersonal
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This document of COM 285 Final Exam A includes answers to the next questions: 1. Susan Rojas is applying for a position in the marketing department of a local corporation. Although Greg Ellis is the director of this department‚ she has been instructed to send her resume and other documents to Jeff Cohen‚ manager of the human resources department. Jeff screens all applications before sending those of qualified candidates on to appropriate department heads. Jeff is: 2. Tara Houser e-mails a colleague
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COM 100 Exam #1 Study Guide Examination Policies If you miss an exam‚ no make-up opportunity will be available without legitimate written documentation of an emergency. An emergency is considered to be a set of circumstances clearly beyond your control that has prevented your attendance. Legitimate written documentation must be authentic paperwork from a credible‚ validating source. A believable account of your difficult (or perhaps even tragic) circumstances will not serve in place of verifying
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Mount Kilimanjaro [pic] Location & Description Mount Kilimanjaro is situated entirely within the borders of Tanzania‚ although is situated close to the border of Kenya. It is situated 3 degrees‚ or about 340 km‚ south of the Equator. To the west lies the Great Rift Valley created by the tremendous tectonic forces which also created a string of other volcanoes. Climatic conditions Mt. Kilimanjaro is the highest mountain in Africa and fourth highest of the Seven Summits. It is among the tallest
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There were several situations that lead the executives and managers of WorldCom to "cook the books." Acquisition of other companies drove WorldCom to spend beyond their means; managers were told to spend whatever was necessary to increase revenue‚ even if it meant that long-term costs would outweigh the short-term gains. This fiscally unhealthy mentality led to a very bad decision to enter into long-term fixed rate leases for network capacity with extensive punitive termination provisions. Once the
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