WorldCom Characters: 1. Val- Scott Sullivan (CFO) 2. Mila- Cynthia Cooper (Internal auditor) 3. Leslie- Employee 1 4. Kylie- Employee 2 (a junior auditor working with Cynthia Cooper) 5. Donna- Arthur Andersen 6. Brynner- David Myers (Controller) 7. Patrick- Bernard Ebbers (ex-CEO) 8. Ivy- The Government (SEC) 9. Ruby- Employee 3 Scene 1: INTERROGATION Setting: Interrogation room Individual frames on each interviewee (Scott, Cynthia, The Employees, Andersen
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Nortel Accounting Scandal History Nortel Networks Corporation, formerly known as Northern Telecom Limited and sometimes known simply as Nortel, was a multinational telecommunications and data networking equipment manufacturer headquartered in Mississauga, Ontario, Canada. It was founded in Montreal, Quebec in 1895. At its height, Nortel accounted for more than a third of the total valuation of all the companies listed on the Toronto Stock Exchange (TSX), employing 94,500 worldwide, with 25,900
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A code of professional conduct is an essential factor that contributes to an effective business environment, and overall business success. In accounting, a code of conduct is vital due to the sensitivity and exposure of confidential information. When there’s a lack of compliance to the code of ethics, there is a greater chance/opportunity for crimes to begin to engage. Some examples of the biggest crimes in regards to businesses involve the Enron case, a case concerning an energy company declaring
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known for the motto “Think Straight and Talk Straight” (Parrino, Kidwell, & Bates, 2012). This motto served as an ethical guideline for the organization. Mistakes Made within the Organization Arthur Andersen quickly fell victim to accounting scandals within the accounting practice. The first mistake made within the organization was due to financial conflicts between the auditing department and the consulting department. Some of the consulting clients were also auditing clients and when the consulting
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............................... 1 2. Summary of facts of the scandals at Enron ................................................................................. 1 3. Summary of facts of the scandals at WorldCom ........................................................................ 2 4. Enron and WorldCom executives prosecution ........................................................................... 5 5. Effects of the scandal, legislative perspective ....................................
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analyses of why things went wrong, the story of Enron’s rise and fall continues to mystify the general public as well as generate continued interest in what actually happened. The broad purpose of this paper is to investigate the Enron scandal from a variety perspectives. The paper begins with a narrative of the rise and fall of Enron as the seventh largest company in the United States and the sixth largest energy company in the world. The narrative examines the historical, economic,
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research is to depict the ethical views and practices of Enron’s Executives. During the Enron scandal several executives were charged with criminal acts from money laundering to insider trading and fraud (Li, 2010). This article of research shows how morals and ethical values differ in the eyes of different individuals. Second article of research explicate, how each stakeholders in the Enron scandal played a huge role in the collapse of the once was energy giant company (Gudikunst, 2006). Dr
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|A Comparative Study of Congreve’s THE WAY OF THE WORLD and Sheridan’s THE SCHOOL FOR | |SCANDAL | Submitted by: Name:Aishwarya Bhardwaj Roll no.:5869 Restoration Comedy is genre of drama ,better known as the Comedy of Manners, as
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Indian Coal Mining Controversy which is also known as Coalgate Scandal. Coal mining controversy is a political controversy highlighting the nation’s irregularities in the matter of handling national coal deposits. Another scam in a history of Indian, Coal mining controversy is major fraud in 2012, which involved Rs 1, 86, 000 Cr losses to exchequer. This is serious allegation against Prime Minister of India Dr Manmohan Singh who is in a serious scrutiny of the CAG which leads to protest against
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According to the rule in Foss v Harbottle (1843), the minority of companys member (depositor and debentures holder) had been constrain to sue or brought action to corporation, the majority of members, board of directors or companys director as the damage or loss was due to negligence of directors and majority of members who endure the identical loss and not with any type of advantage. (Choong & Sujata, n.d.). In the case of Pavlides v Jensen [1956], the plaintiff claims that the defendants
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