Explain how the nortel scandal took place

Reference no: EM131466389 , Length: word count:1500

Case - NORTEL NETWORKS CORPORATION

Answer the questions given below in your own words, do not reproduce directly from the given case:-

1 Explain how the Nortel Scandal took place (Word limit 250 - 300 )

2. In 1998 Wolters Code of Conduct was viewed as being leading edge. Notwithstanding the code of conduct, Nortel's financial statements were still manipulated with the knowledge and assistance of many employees in finance departments throughout the organization globally. How was this possible? (Word limit 350 - 400 )

a. There were a series of recommendations made by the Special Committee to prevent recurrence of the accounting conducts. Give these
recommendations. (Word limit 100 -150)

b Explain what principles of ethics and responsibilities of the professional accountant were violated. (Word limit 100 - 150)

Linda A Robinson. Centre for Accounting Ethics School of Accountancy University of Waterloo Waterloo ON N2L 3G1 June 2005.

Reference no: EM131466389

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