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In some cultures, a “culture of secrecy” or manipulation of the news is
tolerated more than others. How can this be remedied by other
governments, corporations, investors, and members of the public?
Describe the mechanisms that World-Com’s management used to
transfer profit from other time periods to inflate the current period.
Why did Arthur Andersen go along with each of these mechanisms?
How should WorldCom’s board of directors have prevented the
manipulations that management used?
Bernie Ebbers was not an accountant, so he needed the cooperation of
accountants to make his manipulations work. Why did WorldCom’s
accountants go along?
Why would a board of directors approve giving its Chair and CEO
loans of over $408 million?
How can a board ensure that whistleblowers will come forward to tell
them about questionable activities?
Locate an article of your choice from a reputable source (journal,
periodical, newspaper) that documents ethical violations within a firm
that include violations of accounting standards. The article can be no
more than 5 years old and cannot be on a firm or scandal featured in
your text.
You are to provide a 2-page summary of the events, in APA format,
and include a citation for the article.
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AC 504 Unit 2 Assignment Aristotle Philosophy
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