MIS 111 Lecture Notes - Lecture 9: Mci Inc., Whistleblower, Financial Statement

• School: University of Arizona
• Department: Management Info Systems Main
• Course: MIS 111
• Professor: Mark Patton, William Neumann

Document Summary

Ethical issues: being the law doesn"t make it "right, being "right" doesn"t make it legal. In-class case study: david f. myers and mci, former controller worldcom, had accounting department make billions of dollars in adjustment to financial statement so company could meet wall street expectations of 7, comment on ethical drift. "i still don"t kno(cid:449) that one point (cid:449)hen i started to cross the line (cid:449)hen i should ha(cid:448)e acted differently. : 1 year and 1 day in prison (permanently lost his cpa, career ruined, financially ruined, personally humiliated. "at the time i consider to be the single most critical character-defining moment of my life, i failed. " It"s important to be able to dig down and find your courage, which isn"t always so easy. " Classic ethical dilemma: conflict of personal ethical values. Speaking out - whistleblowing: cynthia cooper (mci internal audit) If faced with a screening test, you should respond honestly.