Running head: CASE ANALYSIS OF THE ACCOUNTING FRAUD AT WORLDCOM Case Analysis of the Accounting Fraud at WorldCom Angela Crossley Troy University October 27‚ 2008 History The origin of WorldCom can be traced back to 1983. The CEO‚ Bernard J. Ebbers‚ of WorldCom had very interesting beginnings. He invested in Long Distance Discount Services (LLDS) with eight other investors‚ and believed that the telecommunications industry was a very good business venture. In the beginning
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Contents 1 Whistle Blowing 2 1.1 Origin of term 2 1.2 What is whistle blowing? 2 2 Types of Whistle Blowers 3 3 Ethical Responsibilities of Whistle Blowers 3 3.1 Motivations 3 3.2 Evidence 3 3.3 Danger Prevention 3 3.4 Personal Compliance 3 3.5 Solution 3 4 Benefits of Whistle Blowing 4 5 Drawbacks of Whistle Blowing 4 6 Laws for protection of Whistle Blowers 5 7 Protecting the Whistleblowers – Asian and European Perspectives 6 8 What does whistle blowing have
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Assignment: The Enron and World Com Scandals ACC/260 September 17‚ 2010 Pp 106-107 1. Which segment of its operations got Enron into difficulties? The segment of operations that started the difficulties with Enron went back to the guarantee of loans in order to bridge financing with investments of an outside investor that was never found. Documents were later forced to be restated with activities of other companies that had to be consolidated into Enron’s accounts. 3. Did Enron’s directors
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The case of the man taping basketball girls case in Waseca County took place in February 23‚ 2012. In this case‚ two men noticed a 58-year-old man was video taping West High School girls playing basketball game and the man was accused of filming a particular girl player in the basketball team. The girl’s father confronted the man with the camera but the man appeared to be nervous and he stuttered. Later on‚ the man was brought into West activities director Ken Essay’s office and the man said that
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Definition Whistle blowing can be defined in a number of ways. In its simplest form‚ whistle blowing involves the act of reporting wrongdoing within an organization to internal or external parties. A Whistle Blower is someone who exposes what he or she considers the unconscionable practices of his or her organisation. Key Elements of Whistle Blowing There are four key elements of the whistle blowing process which are • The whistle blower. • The act or complainant the whistle blower is concerned
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the people that run the company or organization and they can be expressed to the outside world such as the media or law enforcement. The whistleblower normally faces reprisal from their company‚ related organizations‚ or sometimes from the law. Whistle blowing happens when people get caught between business and social responsibility. They have to decide what is best for the business and what is best for the world. In the Insider Big tobacco denies that nicotine is an addictive drug. Jeff Wigand is
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Whistle blowing Whistle blowing is an attempt of an employee or former employee of a company to reveal what he or she believes to be a wrongdoing in or by a company or organization. Whistle blowing tries to make others aware of practices that are considered illegal or immoral. If the wrongdoing is reported to someone in the company it is said to be internal. Internal whistle blowing tends to do less damage to the company. There is also external whistle blowing. This is where the wrongdoing is
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advocates the disclosure of company whistle-blowing practices and procedures. Should employees have a duty to blow the whistle on unethical or illegal acts? Before we proceed into the essay question‚ we need to ask ourselves what we understand by the term “Whistleblowing”. There is no globally accepted definition for whistle-blowing although several attempts have been made to define it. Ralph Nader was one of the first few in modern history to use the term “whistle-blowing” and in his book‚ it was
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QUESTION: 1 Do you believe that whistle-blowing is good for organizations and its members‚ or is it‚ as David Stetler believes‚ often a means to extort financial gains from companies? Whistle-blowing is an ethical dilemma‚ it may be good and it may be bad for the organization and its members. It refers to reporting wrongdoing‚ injustice and any possible corruption by the member of the organization. Persons who blow the whistle generally do so out of a sense of public duty arising from high
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protecting whistle blowing should be included in all policies‚ of any operating government agency. This is because; information that is found as an illegal act towards the government should be reported immediately before it is leaked out to the society and chaos can be a factoring outcome of this. Whistleblower is one of many colloquial terms for individuals who exercise their right of freedom of expression to alert the public about wrong doing or threats to the public interest. Whistle blowing‚
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