Write a report on the following in preparation for the short seminar titled Ethical Reasoning = Ethical Environment:
- Discuss the importance of good governance, including transparency and accountability.
- Recall how the whistle-blower at Company 1 (Week 1 Individual Project) informed and guided the audit committee to uncover the organizational fraud. Discuss the role of internal auditors in the fight against unethical and fraudulent activities and behavior.
- Discuss the system of internal controls and how this system can contribute to the success rate of internal audit responsibilities.
COMPANY 1: https://www.nytimes.com/2002/07/22/us/worldcom-s-collapse-the-overview-worldcom-files-for-bankruptcy-largest-us-case.html