Understanding Worldcom Bankruptcy, Causes, Effects, and the Role of Staff and the Outcome of the Crisis - Dissertation Example

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The object of this research paper is to come to understand how Worldcom Bankruptcy business and accounting fraud took place and how the government and other concerned parties missed on this for so long. The number of total assets that were nearly $107 Billion in Assets. …
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Understanding Worldcom Bankruptcy, Causes, Effects, and the Role of Staff and the Outcome of the Crisis
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Download file to see previous pages The causes and results of the fines that were imposed by the SEC (Securities and Exchange Commission), a staggering $750,000,000. In addition to that, understand how could the company announce accounting irregularities amounting to $11,000,000,000 and also their relevant financial reporting that caused such irregularities.
To completely paint the picture of the bankruptcy, there is a need to cover practical and academic aspects of organizational structure, the staff (individuals, teams, and groups), and the culture that predominated WorldCom and made it possible for the business entity to commit such fraud and deceit.
In addition to that above, I want to share some light into the leadership of WorldCom and its role in the eventual demise of it. Was it all a matter of leadership, good or bad, or perhaps that are some underlying reasons that caused the bankruptcy.
There are a number of factors that need to be studied in relation to WorldCom. For instance, what is the role of the external auditors of WorldCom in bankruptcy and fraud? Were they a part of it or they simply ignored wrongdoings and kept things running as they were without intervention.
The above discussion has been done based on the secondary data available. However, the effort has been put to discuss the same in light of the related theories in academia. Adding to the above discussion, a detailed analysis would be carried out to show the effect of the crisis on its various stakeholders. In Human Resource Management, human beings are assumed as the most significant asset within an organization. The discussion has been provided to provide an insight as to how this crisis affected its most significant assets. In the end, a conclusion has been inferred from the entire analysis and discussion.  ...Download file to see next pagesRead More
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