Our Services

Get 15% Discount on your First Order

Accounting Fraud at WorldCom – Premium Paper Help

January 29, 2023

The paper is an analysis of the case “Accounting Fraud at WorldCom” (the case is included in the Course pack – we will discuss this case in class Evaluation of Paper: Good performance on this assignment consists of systematically and thoroughly applying relevant concepts and methods from the course to the case. When you introduce a concept, please explain what it means and how it applies to the case (make sure it is clear that you know what the concept means and why it is relevant). Please explain the concepts in your words, not mine (from slides). Apply concepts from class! I strongly recommend that you do not consult outside readings on the topic. This is not a research paper. It is more like a take home “open-book” essay in which you are allowed to consult all class materials (my lecture slides, the assigned articles/cases). Everything you need to write a perfect paper is contained in the case itself and the content that we have covered in the course. Reading outside articles and books on the topic of the WorldCom scandal will likely hurt you more than it helps. You will likely read other people’s opinions and analysis regarding what happened and why it happened. This analysis will likely apply concepts that we have not covered. These concepts will probably not help you write your paper. Your assignment is not simply to analyze the case; it is to use concepts from this course to analyze the case. You will be graded on how well you explain and apply concepts from class. If your paper is based heavily on other people’s analysis of the situation, you will likely fail to adequately cover concepts of class and will likely introduce foreign concepts that are not meant to be part of this assignment. Organize your paper as follows, with these section headings: I. Normative Analysis (length: minimum 500 words): In this section, use concepts from class to evaluate the behavior you read about in the case. This includes the accounting fraud and other behavior that is described. Do not explain why people did what they did (that is the point of the next section). Instead, judge the behavior from a moral and ethical standpoint—What is ethically wrong? Did they violate any ethical standards or obligations? Do not try to be comprehensive and evaluate everything that happened and every person involved. Divide your analysis into the following parts. a. Stakeholder Analysis: Identify the key stakeholder groups of WorldCom that were impacted by the accounting fraud. You should not analyze each person in the case. I am more interested in the broad categories/groups of people that constitute stakeholders. Analyze the fraud from each stakeholder group’s perspective. Were they harmed and if so, how? Were their rights violated? b. Corporate Social Responsibility: In the previous section, you explained the impact on various stakeholder groups. Do you think a company has an ethical responsibility to take these various consequences (for non-shareholders) into account? What is corporate social responsibility? Explain the John Mackey/Milton Friedman debate on this topic and take a side (whose approach do you favor and why?). How well did WorldCom uphold the principles of corporate social responsibility? c. Fiduciary Duty: The case describes the behavior of key figures at WorldCom and their outside auditing firm, Arthur Andersen. Based on what you learned in the case, did anyone violate his or her fiduciary duties? Explain fiduciary duty (and its main types) and apply these concepts to the case. You do not need to go through each person and explain why he/she did (or did not) violate his/her fiduciary duty. Instead, find the clearest examples that allow you to thoroughly apply the concept. II. Causal Analysis (length: minimum 500 words): In this section your job, you should use concepts from class to explain why things happened the way they did. Specifically, pick 3 concepts from the list below. Explain each concept then explain why it is relevant to the situation (i.e., how it might explain why people behaved the way they did) core values, core purpose, normative social influence, informational social influence, ambiguity, attachment, and approval, escalation/slippery slope, ethical fading, motivated blindness, discounting of long-term consequences, overconfidence bias, conflict of interest, confirmation bias, moral foundations (e.g., concerns about harm, fairness, loyalty, and respect for authority – each foundation counts as a separate concept), corporate governance, deference to authority, familiarity, moral disengagement, the foot-in-the-door technique. *Note: This list is meant to be comprehensive. If there is a concept from class that you think is relevant to the situation but it does not appear in this list, email the instructor for approval to analyze that concept. III. Recommendations (length: minimum 500 words): If a large company hired you as a consultant and asked for your advice for how to avoid the problems of WorldCom, what would you tell them? Base your advice on concepts from class. How could you apply concepts from class to prevent situations like this from arising? More generally, how could you change the rules, norms, or other aspects of the environment so that the organization was less prone to this sort of ethical problem in the future?

Share This Post

Order a Similar Paper and get 15% Discount on your First Order

Related Questions

One Specific Psychometric Test, which is used in Personality Disorder(

Guidance for Assignment 2 in ARM (2018-2019): Research Methods Portfolio This document will provide you with assignment guidance for “Research Methods Portfolio”. Foreword For this assignment, you will need to prepare one article to be published on the Psychologist, a forum for communication and discussion among members of the British

Checkpoint Information Security Management Practices

Assignment read Checkpoint Information Security Management Practiceshttps://hbsp.harvard.edu/import/588485 (Links to an external site.)Links to an external site. Question 1. What weaknesses in ChoicePoint Information Security Management practices likely contributed to their data breach? Please explain how they contributed and what Choice Point could do to strengthen these areas. [points] #Checkpoint #Information

HIS 17B WRITING GUIDE

1. Avoid Global Openings Do not begin your papers with statements like: “Throughout history, people have struggled with the question of whether democracy can succeed.” Instead, lead the reader immediately into your specific argument. Ideally, address the prompt directly: “Southern whites sought to eliminate black voters’ rights almost immediately after

“Infinity Ghazal Beginning with Lice and Never Ending with Lies,”

Write a 1500-1800 word paper (around 5-6 pages) analyzing ONE of the following poems: • “Haunted Sonnet,” by Hoa Nguyen • “Infinity Ghazal Beginning with Lice and Never Ending with Lies,” Tarfia Faizullah • “Let Me Count the Waves,” Sandra Beasley (sestina) • “Saturday at the Border,” Hayden Carruth (villanelle)

BUSMGT 712 Principle of Business Analytics

You are an analyst working for the New Zealand Ministry of Foreign Affairs and Trade. Ms. Smith, your manager, has tasked you with learning more about the performance of New Zealand’s food exports and providing her with a report. To do so, she has provided you with a dataset. The

10 year bond yield (Argentina)

Overview of assignment You are required to produce a report on the determinants of 10 year bond-yield. Your report should be based on Argentina REQUIREMENTS Your report must fulfil the following specific tasks: 1. Provide a review of relevant literature, with particular emphasis on the relationship between your independent and

International Market Assessment for Lidl or John Lewis

International marketing essentially relates to marketing operations in a new country or market. The purpose of this assignment is to assess student ability to determine attractive international market using key analytical tools learned in this module. You are to assume the role as an international marketing consultant either for the

Wall of Silence Reflective Journal

Based upon Gibson and Singh Part 1 and 2: Breaking the Silence. Gibson and Singh provided alarming statistics based upon the IOM’s 1999 report of 100,000 deaths per year due to medical errors. According to Gibson and Singh, this translates to 275 deaths due to medical errors every day. Based

MGMT440 Case Study Assignments

During the course you will complete an analysis of three mini cases. To prepare for these assignments, you are strongly recommended to first read How to Conduct A Case Analysis on page 516 of the textbook. Practicing this approach in MGMT440 will prepare you for the more extensive case study

Process Recording Form, MSW Foundation Online Version

Guidelines: 1. Interviewing requires active listening, taking cues from the client, using open-ended questions, and so forth. Therefore, the process recording should not originate from an intake form that may be overly scripted. 2. You may not record the interview used for the process recording; therefore, pre-arrange time immediately after

Creation of a personal philosophy of teaching and learning is

The creation of a personal philosophy of teaching and learning is foundational to successful practice. It is, then, critical to synthesize the resources and tools in this course with additional evidence, philosophies, and one’s own practice to construct a grounded and evidence-based personal philosophy of teaching and learning. This philosophy

Enhancing quality of services through effective collaborative practice

The topic of the assignment is: Meeting the dementia challenge: rapid diagnosis and referral. The assignment need to be written critically meeting all the learning objectives. The assignment has to be 3500 words. Do refer to the need of increased diagnosis rates of dementia and providing post-diagnosis support. You need

Would long distance runners benefit more from barefoot running as

Complete a Research Project (at least 10 pages) The learner needs to achieve at least 75/100 to be competent The Learner must research a topic that is pertinent to the Sport and Fitness Industry. The research must incorporate the following headings:  Title and Abstract [10]  Introduction [10] 

A Christmas 2018 communications campaign

This is designed to show your understanding of how theoretical communication models are used in practice. Please note you MUST NOT choose the John Lewis campaign. Please select a Christmas 2018 communications campaign of your choice and analyze (ie don’t just describe it) it in terms of : ¬¬¬¬¬ •

MBA5005 Individual Project

To make the course engaging for each student, you will select a legal topic to research in Weeks 3 and 5 of the course. Click HERE for complete instructions and a list of topics. Although you are not required to select the exact topics listed, you should select something closely

Based on the information in Table 1 (including your answers to

Tablet Ltd operates in both England and Scotland, making fudge. Table 1 below gives some examples of the pay received by Tablet’s employees living and working both sides of the border. All of these employees are below state pension age. Table 1 Examples of pay at Tablet Ltd (2018/19 tax year)

Using the Household income equivalence calculator, calculate the

Pep and Jose, in their 40s and 50s, respectively, are setting up home together in the North of England, along with Jose’s son, Alexis, aged 13. Jose’s dad helps with childcare, allowing Jose to work part-time. With his salary and child benefit, Jose has an income of £13,000 a year

HI6008 Assignment 2 Requirements

All HI6008 Students enroll in the 2018 need to follow below Assignment structure: Word count: 1500 to 2000 words 1. Introduction 2. Project Objective 3. Project Scope 4. Literature Review (Students’ needs to summarise Assignment 1 literature review (2-3 pages) and justification from Assignment 1 literature problems, gaps opportunities, Hypothesis)