Reference no: EM132675646
Question - Use the WorldCom Scandal (2002) accounting/finance fraud case, please look up for reliable sources online; in other words, search for information about the WorldCom Scandal on the web to complete the questions and cited reference. Use a narrative report that attempts to incorporate the following questions rather than merely responding to each question.
1. Briefly identify and describe the fraud or situation. Describe the type of fraud, what happened, the people involved, and the resolution (if known).
2. Discuss the victim organization, how the fraud was initially concealed, and why you think the ethical situation occurred in the first place.
3. Discuss different people involved, how each perpetrated and/or responded to the fraud (i.e., actively condone, whistleblower), and why you think those individuals responded in that manner.
4. Discuss the most effective way(s) to deter this type of fraud in the future.
|
How many units does she need to sell to break? even
: If advertising is increased to ?$1721.00?, and the price is kept at ?$12.36?, how many units does she need to sell to break? even
|
|
What is the pv of waiting
: Your opportunity cost of funds is 10%. What is the PV of waiting the 60 days to make payment?
|
|
Realized rate of return for an investor-singleton company
: Five years ago the Singleton Company issued 20-year bonds with a 12% annual coupon rate at their $1,000 par value. The bonds had an 8% call premium
|
|
What is the role of the aicpa
: Briefly explain Sarbanes-Oxley (SOX) and the role the Securities and Exchange Commission (SEC) plays in regulating audits. What is the role of the AICPA
|
|
Briefly identify and describe the fraud or situation
: Briefly identify and describe the fraud or situation. Describe the type of fraud, what happened, the people involved, and the resolution (if known)
|
|
Nominal yield to maturity-clark company
: Last year Clark Company issued a 10-year, 11% semiannual coupon bond at its par value of $1,000. Currently, the bond can be called in 4 years at a price
|
|
Compute the realized rate of return for an investor
: Compute the realized rate of return for an investor who purchased the bonds when they issued and held them until they were called
|
|
Discuss the importance of evidence in auditing
: udits typically consist of three phases: Planning; Fieldwork; Reporting. Describe activities that accompany each phase. Discuss the importance of Evidence
|
|
How much use-of-money interest did BGRL pay
: How much use-of-money interest (UOMI) did BGRL pay in relation to its 2019 tax liability, as determined by its 2019 income tax return
|