COMPANIES: THE WORLDCOM FRAUD Introduction The purpose of this report is to investigate and discuss the accounting fraud that occurred at WorldCom in order to recommend improved strategies to Berkshire Hathaway’s management for avoiding investments in companies with fraudulent financials. Accounting fraud is a crime committed by high level employees at an organization to manipulate the organization’s financial statements and intentionally disguise company performance. The fraud is committed without
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He self educated himself‚ everything from being a lawyer and the arts of warfare. He never gave up on anything in his personal life as well as his presidential term. He was an excellent lawyer‚ successful politician and had a powerful influence on all his followers. None the less he played a very important part as being the president of the United states of America. His important work include the active part in the inception of Civil war and ending Civil War‚ abolition of slavery and initiation of
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over the past couple of years. Racism can be defined as the belief that a certain race is superior or inferior to another‚ that every race obtains a definite characteristic or ability of that race‚ and that some races are highly better than others. Racism has been around for as long as we can remember from the slavery in America to the discrimination against the Middle East targeted as “terrorists” today. Why is it that our own kind discriminate against one another? From what I have witnessed throughout
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Model Essay Why did Stalin take control of Eastern Europe? Plan Introduction Explain Stalin’s need for internal security in its historical context Block 1 Discuss Stalin’s tactic for gaining Eastern Europe and the wartime agreements that carved Europe up into ‘spheres of influence’‚ e.g. Tehran‚ 1943‚ Percentages Agreement‚ 1944. Discuss how tensions over Poland intensified Stalin’s need to create friendly states in Eastern Europe‚ i.e. Soviet massacre of Polish officer
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Justification for an Internal Control System ACC/544 April 22‚ 2013 Christine Errico Justification for an Internal Control System Over the past years many organizations have fallen because of inadequate financial reporting and ineffective controls. To overcome this dilemma‚ the creation of the Sarbanes Oxley Act (SOX) of 2002 requires corporations to take full control over its financial reporting and accounting by placing internal controls within its organization. Internal controls not only establish
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How many miles to Babylon? Three score miles and and ten— Can I get there by candlelight? Yes‚ and back again— If your feet are nimble and light You can get there by candlelight. It is easy to see the beginnings of things‚ and harder to see the ends. I can remember now‚ with a clarity that makes the nerves in the back of my neck constrict‚ when New York began for me‚ but I cannot lay my finger upon the moment it ended‚ can never cut through the ambiguities and second starts and broken
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The choice of John F. Kennedy to be president was an unlikely one however‚ he proved to be worthy of the title by the many accomplishments he achieved before being targeted. Born on May 29 1917‚ John F. Kennedy was the second oldest child in a family of 8 children. His mother‚ Rose Elizabeth Fitzgerald-Kennedy was a philanthropist/socialite and his father‚ Joseph Patrick Kennedy was a business man and a politician. Growing up‚ Kennedy attended many reputable schools and still managed to maintain
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WEEK7 ASSIGNMENT 3 FRAUD IN THE AIS JERRY S. KOLEH STRAYER UNIVERSITY PROF. DANIEL ACHEAMPONG ACCT564 (ACCOUNTING INFO SYSTEM) MAY 26‚ 2013 Embezzlement of $19.2 Million at Citigroup and the failure of its AIS to prevent the fraud As alluded to by the Security Director ’s Report (2011)‚ it seems internal auditor were not thoroughly reconciling or analyzing statements relative to payments made to contractors and money transfers. Or still‚ they probably did not even have
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The Troubles in Northern Ireland: Why Did it All Happen? The Troubles refer to the thirty-year time span between the civil rights march in Londonderry on the 5th of October 1968 and the Good Friday Agreement of the 10th of April 1998. These thirty years were the most violent in the history of Ireland causing over 3‚700 dead and many more injured. One even described the period as‚ “…the transition‚ chaotic and rapid‚ from a civil rights movement (1966-68) to a bloody inter-communal strife (1969)
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Is being forced to do something good‚ or is it bad? Most people that I know have been forced to do something during their life that they did not want to do. This can sometimes be good for the person; however‚ it usually does not turn out well. In most cases this doesn’t work because it is normal for a person to not try when they don’t feel like doing something. All people will experience the feeling of not wanting to do something in their life‚ and usually the end result is not what is expected
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