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WorldCom and Rising Auditing Standards

stock prices and other similar situations. When it is determined that an investigation should delve further into the busine...

Factors Influencing the Effectiveness of Internal Audit in the Public Sector

impact on effect of audits we can look at each individually. 2. Accounting system in the public sector In any public-sector ther...

Post WorldCom and Enron International Accounting Standards

a result of ending some of the companys more obscure partnerships (Leonard, 2001). And, it was these partnerships that severely h...

The Five Assertions of Auditing

be held to. When performing an audit, one can look at each item in the context of the five assertions in order to ensure completio...

WorldCom, Enron, and IAS

principles of accounting in the U.S. (Larson et al, 2001). Since that time, a number of authoritative bodies have been instituted ...

Accounting Board Oversight

The Sarbanes-Oxley Act of 2002 mandates that company management to assess and report the effectiveness of their internal control e...

The WorldCom Meltdown

thousands of businesses around the world" (Moberg and Romar, 2002). It also carried "more international voice traffic than any oth...

Irregularities in Accounting at WorldCom and Enron

savvy ways of getting things done. That is, until the fall of 2001. The nation, already shocked and stunned by the tragedy...

Are Accounting Reforms And Legislation Are The Only Means By Which The Accounting Profession Will be Able To Regain Public Trust And Re-Establish Its’ Credibility?

fraud, and it was with this we might argue there was the first loss of confidence in the auditors. This case limited the liability...

DOUBLE STANDARD BY ELLEN WATKINS HARPER

girl, outcast, forlorn/as thrown her life away?"). But the poet is adamant that both parties, the man and the woman involved in th...

Accounting: Principles-Based Or Rules-Based?

and diligence and independence at the auditing level" (Anonymous, 2003). From a broader perspective, one of the main reason...

Effectiveness of Internal Audit in the Public Sector

same activities to monitor and assess performance, it is more likely that the task will be outsourced to an external auditor and t...

Question with Regard to Travelling Auditors

approaches seen when using linear programming, the first is to maximise the benefits of resources, the second is to minimise the c...

Audit School District

School districts receive funding from many sources at the state and federal levels. Each funding comes with laws, rules, and regul...

Student Submitted Case Study on Planning Materiality

we take the 175,906 as a percentage of the total assets which are 29,611,000 we get the percentage of 0.6%. This appears to be a ...

Company Profile of Worldcom

million in order to settle claims when it defrauded the General Services Administration (GSA) (2004). That occurred between 1999 ...

WORLDCOM IMPLOSION, ORGANIZATIONAL CULTURE AND LEADERSHIP

in unethical behavior, mostly in the area of accounting (Scharff, 2005). For one thing, the company moved line costs (those...

WORLDCOM AND FRAUDULENT ACCOUNTING

2005). The result would be an increase in the current years EBIDTA (Scharff, 2005). The line costs, in fact, were the main ...

Corporate Ethics and the WorldCom Example

Romar, 2007). During this time, it acquired 65 firms and spent close to $60 billion for the firms (Moberg & Romar, 2007). Unfortun...

Lesson Plans/NY Standards/Science

The column for "L" what the students have learned is left blank and filled in as the week progresses. Lesson 2 involves begins w...

Audit Documentation Standards

& Fischbach, 2002). Another requirement is that the documentation must meet effectiveness tests (Wittington & Fischbach, 2002). Al...

Human Resource Management Aspects

as the time take to grill a burger and to dress a bun, as well as standards regarding quality. This is a simple example, but demon...

Supply Chain Standards Improves Management

outcomes of standards are "to streamline interaction throughout a supply chain, to speed up transactions, and to reduce inventory ...

Accounting Standards and External Auditing

businesses subtract the fair value of those stock options from revenue, considering them as proper expenses, others are content to...

Increased Corporate Governance Effects Assessment

the long term. A third hypothesis is that these sustainably-minded organizations outperform non-Index firms over the long t...

Internal Audit and ISO 9000

quality because with such an auditing system, the company will monitor all its functions on a continual basis (Barnes, 1998). The...

Issues Pertaining to SAS 85

/ Single-audit quality concerns by AICPA NEWS: Explains the Auditing Standards Board of the American Institute of Certified Public...

Public Auditors' Fraud and Independence Standards

In five pages public auditing standards are evaluated and recent changes are defined. Five sources are cited in the bibliography....

Analysis of the Merger Between WorldCom and MCI WorldCom

In six pages a SWOT analysis is performed on this telecommunications merger. Eleven sources are cited in the bibliography....

WorldCom's Bankruptcy

to find that the market was quickly glutted and could not sustain itself; the infamous "dot com boom" around the turn of the mille...