Reference no: EM133150449
FRAUD CASEBOOK
WorldCom
Read the following articles or other related articles regarding the WorldCom case and then answer the questions below:
Sources: Katz, David M. and Julia Homer, "WorldCom Whistle-blower Cynthia cooper," CFO Magazine (February 1, 2008).
Pulliam Susan and Deborah Solomon, "How Three Unlikely Sleuths Exposed Fraud at WorldCom," The Wall Street Journal (October 30, 2002).
Cynthia Cooper, Extraordinary Circumstances: The Journey of a Corporate Whistleblower (Hoboken, NJ: Wiley, 2008).
Short Answer Questions
1. What was Cynthia Cooper's position at WorldCom?
2. Approximately how much value was lost as a result of the WorldCom collapse?
3. Which WorldCom employee initially confessed to the fraud and what was his position?
3. List Cynthia Cooper's two colleagues who assisted her with uncovering the WorldCom fraud.
4. Was there ever a concern over the discovery of the investigation and possible destruction of evidence?
5. Did complicated computer programming and analysis play a role in the investigation?
Discussion Questions
1. From an ethical perspective, did Cynthia Cooper have to report this fraud? Why or why not?
2. What ethical issues, conflicts of interest, and noncompliance with corporate policies and procedures might Cynthia Cooper have faced in the context of her investigation?
3. What alternative courses of action, if any, might you have suggested for Cynthia Cooper and her colleagues given the framework of appropriate ethical conduct?
|
What components do you feel could be more fully supported
: BlackBerry company What components do you feel are most compelling? What components do you feel could be more fully supported?
|
|
Prepare any correcting entry
: On August 1, 2022, Sigurista Insurance Company received 16,500 as payment for a one-year insurance premium. Prepare any correcting entry
|
|
Create multiple levels of goals and distribute rewards
: One technique to reduce the likelihood of unethical behavior resulting from goal setting is to create multiple levels of goals and distribute rewards according
|
|
Contrast the advantages of starting a business
: Short Answer: Briefly compare and contrast the advantages of starting a business from scratch versus obtaining a franchise.
|
|
Worldcom whistle-blower cynthia cooper
: What was Cynthia Cooper's position at WorldCom? Approximately how much value was lost as a result of the WorldCom collapse?
|
|
What total amount of income in profit or loss reported
: On July 1, 2024, Gold sold half of the investment in Silver for P1,800,000 cash. What total amount of income in profit or loss should be reported in 2024
|
|
B2b buying process
: Which of the following about the B2B buying process is true?
|
|
Evaluate possible solutions a new startup
: 1. Using SCAMPER creativity tool, evaluate possible solutions if a new startup starts selling product to your core product for half of your selling price.
|
|
Prepare journal entries
: On January 1, 2020, North Company acquired a machinery with cash price of P750,000 for P1,000,000. Prepare journal entries for 2020
|