CASE 4: ACCOUNTING FRAUD AT WORLDCOM Betty Vinson: victim or villain? Should criminal fraud charges have been brought to her? How should employees react when ordered by their employer to do something they do not believe in or feel uncomfortable doing? In discussing whether Vinson should been charged with criminal fraud, it can be analyzed from ethical perspective which can truly judge whether she was morally responsible for the wrong or not. In order to determine whether Vinson was morally responsible
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Cyber-wrongdoing additionally a sort of identity theft which is any illegal development gave on the web that uses a PC as its essential method for theft. Through identity theft, a predator without some individual's learning obtains a touch of their personal data, for instance, their social security number, or even their ledger data and uses it to submit extortion. Identity theft can hurt our extraordinary name and recognize, furthermore open us to potential budgetary mishap. It can incite a criminal
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Nowadays, the statistics show that there is an increment in the number of cybercrime especially in this new era technology. Recently, this rises up hot issue about security threat in e-commerce. Cyber-attack usually happened on online business and organizations which threaten the security of data and operations in their trademark reputation as well as their intellectual property. These actions can cause significant damage or loss in e-commerce. Security is like a strong protective wall which blocks
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On Illegal Chinese websites. Author: Exac They’re great! They’re great! They’re great! They’re great! They’re great! They’re great! They’re great! They’re great! They’re great! They’re great! They’re great! They’re great! They’re great! They’re great! They’re great! They’re great! They’re great! They’re great! They’re great! They’re great! They’re great! They’re great! They’re great! They’re great! They’re great! They’re great! They’re great! They’re great! They’re great
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Accounting: Accounting Fraud at WorldCom Date: 1/26/2015 3. What are the pressures that lead executives and managers to "cook the books"? The CEO and CFO of WorldCom wanted to “cook the books” because they wanted to keep the company’s stock price growing. Managers and accountants “cook the books” because they are forced to do so by their CEO and CFO. WolrldCom CEO Ebbers believed that increasing the stock price is their number one priority, so he set up a goal for the corporation--“The
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Fake ID Just like many college students, Dana and her friends decided to go to a bar one Saturday night. The problem: Not everyone in their group was old enough to enter. The solution: Use fake ID obtained through a friend. So Dana and her friends used fake IDs to enter the bar without a problem, or so they thought. Later that night, police raided the bar. Dana's ID was confiscated and she was later arrested. It seems like everyone wants to be a different age. Many teenagers want to be either
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Reporting Practices and Ethics Lindsey Petway HCS 405 December 14, 2014 Professor Jennifer Noren Reporting Practices and Ethics Introduction Success comes from effectively implementing the four elements of financial management: planning, controlling, organizing, and decision-making. These four recognized elements allow health care organizations to adjust the inflow and outflow to achieve the most beneficial outcome. A health
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dollars and eventually realizing he needs to find a different way to bring in a steady cash flow. He becomes a pilot for Pan Am Airlines as a “deadhead” who is a backup pilot and therefore does no actual flying on the plane. Meanwhile the FBI’s fraud division has caught on to Frank’s scams and begins to track him down with one detective leading the investigation: Carl Hanratty. It becomes Carl’s personal goal to find Frank with little to no
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very laws that help somewhat govern the vast reaches of the internet. One such law, the U.S. Safe Web Act, is in essence, much like the global war on terrorism. The U.S. Safe Web Act is the United States’ response to spam, scams, spyware and internet fraud, directed at the internet, and ultimately keeping United States citizens safe and sound from the evils of the “interwebs”. How can a law help in keeping a safe web environment for U.S. citizens – How can a beast like the internet be tamed? To jump
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managers resigned unexpectedly. The fraudulent activity was difficult to figure out because it had many layers of fraudulent loan agreements. These loans created a false perception of a successful company. Characterized as a Ponzi scheme, the fraud was using newly invested money to pay off earlier debt obligations. Le-nature falsified invoices, checks, account statements, and other financial documents to verify business transactions and activity that never actually occurred. This falsely inflated
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