Question: Discussion Question 1 [5 points]: How does fraud occur, and what makes you confident that you would not commit fraud? Discussion Question 2 [5 points]:

Discussion Question 1 [5 points]: How does fraud occur, and what makes you confident that you would not commit fraud?

Discussion Question 2 [5 points]: Describe elements of each component of the Fraud Triangle that you recognized in David Myers description of the situation at WorldCom.

Discussion Question 3 [5 points]: In the previous video segment, Myers says that Scott Sullivan was the smartest person he had ever met and that he felt loyalty to Sullivan. Describe how he could have stood up to his boss and how you might personally handle negative pressure from influential peers or superiors.

Discussion Question 4 [5 points]: David Myers says he believed he was engaging in aggressive accounting rather than outright fraud. Do you believe there is a difference between the two, and how would you determine when an action crosses an unacceptable ethical line?

Discussion Question 5 [5 points]: Why do you think Myers lacked the courage to do the right thing? How can you ensure that you will have the courage, if you ever found yourself in a similar situation? Is there a way to prepare?

Discussion Question 6 [5 points]: Describe the cultural factors that you believe contributed to the WorldCom fraud and why you believe WorldCom employees did not raise concerns about the fraudulent accounting practices?

Discussion Question 7 [5 points]: What could you as a future young professional do to help prevent fraud? What cultural factors relative to preventing fraud are most important to you as you consider potential future employers?

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related General Management Questions!