Question 1 At the time Cynthia Cooper discovered the accounting fraud‚ WorldCom did not have a whistle-blower hotline process in place. Instead‚ Cynthia took on significant risks when she stepped over Scott Sullivan’s head and notified the audit committee chairman of her findings. Discuss the key criteria for the operation of an effective corporate whistle-blower hotline. Be sure to highlight potential pitfalls that should be avoided and reference professional codes‚ legislation and academic
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in the competitive long-distance telephone industry. It was headquartered in Washington‚ D.C.[1] Founded in 1963‚ it grew to be the second-largest long-distance provider in the U.S. It was purchased by WorldCom in 1998 and became MCI WorldCom‚ with the name afterwards being shortened to WorldCom in 2000. WorldCom’s financial scandals and bankruptcy led that company to change its name in 2003 to MCI Inc.. The MCI name disappeared in January 2006 after the company was bought by Verizon. As of May
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Enron and WorldCom Case Study This report is based on the demise of Enron Corporation and WorldCom. Both the firms are demised due to the ethical lapses. These ethical lapses come into existence when managements of the firm‚ uses unethical practices to accomplish the goals of the firm. Maintaining financial and accounting standards in the business practices are necessary. The profession of accounting has become a mockery due to the accounting scandals that took place all over the world in the
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1 Introduction Business Link‚ describes Business Plan as a “roadmap for future development” and has an essential role for every enterprises. The document narrates “a business‚ its objectives‚ its strategies‚ the market it is in and its financial forecasts” and it serves several functions to business unit from securing external funding to measuring success within the business (2008). As a statement of intent‚ business plan displays “where you are now and where you want to go” (Cracknell‚ 2006)
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A Plan for Positive Influence on Team Behavior The success of a business is contingent on how efficiently the business operates; whereas‚ the efficiency of the business’s operations depends on the personalities and attitudes of its employees. The personalities and attitudes of an employee can be affected by a number of variables‚ e.g.‚ the values and vision of the company in which they work. According to Amos and Weathington (2008) “The concept of P-O fit is important to organizations because it
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Goal 2: Meet as a Learning Team at least one time per week to discuss upcoming projects. Objectives: • Meetings to be scheduled after Monday night classes and must occur before Saturday of the given week. • Meet at a designated location and specific time agreed upon by all teammates. • Collaborate together to make sure everyone has the appropriate materials and text needed for a productive and effective meeting. Goal 3: Provide support for each team member via email‚ phone‚ meetings
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What punishment‚ if any‚ do you believe David Myers should have been given for his role in the WorldCom fraud? A2. Mr. Myers was charged with securities fraud‚ conspiracy to commit securities fraud‚ and filing false statements. Based on these charges‚ I think Mr. Myers would be sentenced to 5-8 years prison terms. In addition‚ he would be imposed with a large amount of fine. Furthermore‚ the WorldCom would take a certain amount of bonus back for the period while he was being investigated. However
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FAR600 CASE STUDY WORLDCOM QUESTION 1 a) Discuss the earnings management technique employed by the management of World Com. WorldCom admitted that the company had classified over $3.8 billion in payments for line costs as capital expenditures rather than current expenses. Line costs are what WorldCom pays other companies for using their communications networks; they consist principally of access fees and transport charges for messages for WorldCom customers. Reportedly‚ $3
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Sampling & Data Collection Plan Matthew Bell‚ David Cintron‚ Christopher Grunenberg‚ Shilo Morin QNT/561 May 18‚ 2015 Russell Heigl Sampling & Data Collection Plan The Grub n’ Go sponsored research study is aimed at answering‚ “How does outside temperature (IV) impact the frequency of cold‚ non-alcoholic beverage sales (DV)? To answer this question top notch research team‚ Learning Team A‚ will have to go beyond this small restaurant brand. Population While the research question came from Grub n’
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How can managers promote innovation unwelcome surprises? Control in an Age oj by Robert Simons A fundamental problem facing managers in the 1990s is how to exercise adequate control in organizations that demand flexibility‚ innovation‚ and creativity. Competitive businesses with demanding and informed customers must rely on employee initiative to seek out opportunities and respond to customers’ needs. But pursuing some opportunities can expose businesses to excessive risk or invite behaviors
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