Cynthia Cooper and Worldcom

WorldCom Case University of Phoenix Opie Prados Wayne Alves Tonia Johnson Amy Dickson May 29, 2012 Brandy Havens Cynthia Cooper and WorldCom The mass volume of companies handle their score affairs internally. Accounting practices, such as payroll, billing, as coiffe management, and roll control can much bring forth overwhelming and demanding. often controlled be management, account practices per stocked by some(a) companies can become misused. This would be straightforward for the case of WorldCom. go oning the majority of its practices to the standard of the AICPA, some of them stood out as non-standard practices. In this case it is in the form of capital spending. The make of this misuse were experienced by umpteen within and external the company. In dealing with situations as these, unity must reveal violations of good behavior and accounting practice. AICPA American Institute of certified Public Accountants (AICPA) is a voluntary geological formation of CPAs. The AICPA tag of professed(prenominal) Conduct focuses on a rotary of professional and ethical standards followed by CPAs. The primary standard set by the AICPA rule of Professional Conduct is to honor the outdo interest of the public, hitherto if doing so sacrifices personal gain.

The code besides focuses on invariably exercising professional and ethical shit (Mintz & Morris, 2011). The executives at WorldCom knowingly misstated capital spending pathetic funds from wholeness account to another to hide the reasons for the expenditures, and manipulated pecuniary reporting. Moving mo nstrous amounts of money from the companys i! ncome line of reasoning to the counterpoise sheet with the intent to hide the true disposition of the expenditures is the beginning. This ambidextrous accounting activity resulted in costing investors billions of dollars. These actions intelligibly participation with the standard set by the AICPA Code of Professional Conduct to honor the best interest of the...If you want to get a full essay, order it on our website: OrderCustomPaper.com

If you want to get a full essay, visit our page: write my paper