C) Fairness D) Integrity Question 4 If one’s reputation is tainted it may create a: A) Conflict of interests B) Loss of independence C) Lack of trust D) All of the above Question 5 Each of the following describes the behavior of Cynthia Cooper in the WorldCom fraud except for: A) Persistence B) Competence C) Integrity D) Hesistance Question 6 Each of the following elements make up an integral part of what is meant by "ethics" except for: A) Accepted standards of behavior B) Knowing the difference
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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 at WorldCom. Om Malik (2003) Sarbanes-Oxley Act of 2002‚ Accessed February 13‚ 2008. http://www.soxlaw.com/index
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BKAL 3063(E) INTEGRATED CASE STUDY 30 SEP 2014 NIMELAN A/L MANOHAR 207110 NADIA BINTI ABDULLAH 213803 NAJIHAH SAKINAH BINTI MOHD NORDIN 213950 SURAYAH BINTI MATIASIN 214114 Accounting Fraud at WorldCom Executive Summary WorldCom is a telecommunication company that has been found by Bernard Ebbers‚ a Canadian. Growing rapidly through mergers and acquisition strategy‚ Ebbers handled largest takeover in US history by acquiring MCI‚ the nation’s second largest long distance company. The aggressive
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Behind Closed Doors at WorldCom: 2001 Zekany‚ Kay E;Braun‚ Lucas W;Warder‚ Zachary T Issues in Accounting Education; Feb 2004; 19‚ 1; ProQuest Central pg. 101 Behind Closed Doors at WorldCom: 2001 Kay E. Zekany‚ Lucas W. Braun‚ and Zachary T. Warder ABSTRACT: WorldCom was a large telecom company that enjoyed an almost meteoric rise during the 1990s but ran into trouble in the early 2000s. 2001 was particularly difficult. This case gives future generations of accountants the opportunity
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support and request Ramos 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
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Auditor Professional Pressures 59 63 65 71 79 3.2 Nathan Johnson’s Rental Car Reimbursement Solving Ethical Dilemmas–Should He Pocket the Cash? Recognizing It’s a Fraud and Evaluating What to Do . . . . . . 3.3 The Anonymous Caller 3.4 WorldCom The Story of a Whistleblower . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3.5 Hollinger International . . . . . . . . . . . . . . . . . . . . . . . Realities of
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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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An accounting information system (AIS) is a structure that a business uses to collect‚ store‚ manage‚ process‚ retrieve and report its financial data so that it can be used by accountants‚ consultants‚ business analysts‚ managers‚ chief financial officers (CFOs)‚ auditors and regulatory and tax agencies. In particular‚ specially trained accountants work with AIS to ensure the highest level of accuracy in a company’s financial transactions and recordkeeping and to make financial data easily available
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AFM 201 – Part 1 Auditing Fall 2007 Group Assignment 2 Publicized Cases of Alleged Audit Failures Involving Large Public Companies 1) Ten Publicized Audit Failures i. Parmalat (2003) - Deloitte & Touche Tohmatsu /Grant Thornton Misleading investors with “Brazen Fraud” was what the United States (US) Securities and Exchange Commission (SEC) had sued Parmalat for in 2003. It all began when Parmalat defaulted on a bond payment worth $185 million. This raised a flag for auditors and banks
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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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