After searching for following information online: a.WorldCom fraud b.Background of the CEO, Bernie Ebbers c.How WorldCom’s market capitalization grew to one of the largest firms in the US d. Information on the trial and related court testimony that convicted Bernie Ebbers e. The internal audit team’s role in discovering and reporting the fraud to the Board of Directors, and f. The role WorldCom's Controller played in the fraud. Question 1: The Fraud Triangle consists of perceived pressure, perceived opportunity, and rationalization. Based upon the research performed, how does the fraud triangle applies to the following players in this fraud: - Bernie Ebbers, the CEO - WorldCom's Controller Question 2: During court testimony, in what ways did Bernie Ebbers try to rationalize his behavior as CEO of WorldCom while this fraud was being perpetrated? Describe and specify how Ebbers attempted to rationalize his behavior and your thought or thoughts to his rationalization testimony.
After searching for following information online:
a.WorldCom fraud
b.Background of the CEO, Bernie Ebbers
c.How WorldCom’s market capitalization grew to one of the largest firms in the US
d. Information on the trial and related court testimony that convicted Bernie Ebbers
e. The internal audit team’s role in discovering and reporting the fraud to the Board of Directors, and
f. The role WorldCom's Controller played in the fraud.
Question 1: The Fraud Triangle consists of perceived pressure, perceived opportunity, and rationalization. Based upon the research performed, how does the fraud triangle applies to the following players in this fraud:
- Bernie Ebbers, the CEO
- WorldCom's Controller
Question 2: During court testimony, in what ways did Bernie Ebbers try to rationalize his behavior as CEO of WorldCom while this fraud was being perpetrated? Describe and specify how Ebbers attempted to rationalize his behavior and your thought or thoughts to his rationalization testimony.
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