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Extraordinary Circumstances Reflection
Student's Name
Institution Affiliation
Course Number and Name
Instructor
Date
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Extraordinary Circumstances Reflection
The story Extraordinary Circumstances novel was written by Cynthia Coopers and
published in 2007. Cynthia describes her first-time journey from her close family who stayed in
Mississippi. She worked hard and purposed to succeed, and she became a whistleblower as one
of her achievements. She was named in one of the Time's magazines in 2002. Additionally, she
recounts an overview of WorldCom's rise and fall, which was the beauty of the streets and a
telecom titan. This novel's narration depicts how successful people face challenges and for them
to win, they will handle these challenges. Challenges need to be shared among peers and elders,
which equips the incoming generation with skills to deal with critical situations requiring good
decision-making. The book reminds us that ethical decision-making is a journey that starts from
childhood, and it should not be forged at the crossroads of a major crisis. Cynthia uses this story
to act as a wake-up call to corporate leaders who have different motifs in their leadership era.
Dishonesty is one quality that any leader should never accept to dominate the public interest
since it sets a poor foundation in citizens' minds concerning equity and good leadership.
WorldCom's fall resulted from dishonesty among the corporate leaders, and this event shook the
whole world.
In her story, Cynthia Coopers vividly explains why the management should take internal
audits seriously. Audits are very important since it gauges for accountability of the cash flow and
growth of the business. She shares her personal story of how she managed to become a
significant player in standing up for truth to expose the fraud. This tale cautions the executive
leaders to stand for accountability in their positions. In my opinion, when one is entitled to a
prominent position in a company, he/she should stand upright according to the codes of service,
accountability, transparency, reliability, equity, to mention a few, are elements that should be
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adhered to. WorldCom's fall resulted from not taking audits into considerations. Audits
benchmark the company's progress and outline the expenditure budget and income from the
profits gained. Furthermore, it helps in making decisions towards the company's progress.
Accounting fraud is dynamic, and the story helps the reader to understand what it entails fully.
Ideally, for fraud to be executed in a company, some leaders are involved, and those who stand
by the truth are exempted. However, if their ugly deal is unleashed, those who stand by the truth
are fixed in the scandal, and in some cases, all are treated equally. The best thing in a system is
that the interpretational mechanism helps the auditors identify any company's loopholes. This
ideology is vivid in the book. It is one of the engaging sections; she narrates how she and her
internal auditors discovered the WorldCom Company's fraud. She reports the issue to the internal
audit committee, and things fall apart; this shows that the committee was not up to the task;
WorldCom had become not well managed, and thus why it was run without an operating system.
Standard Operating Systems acquisitions in a company ensure all the company's undertakings
are monitored and can be easily audited. This section acts as an eye-opener for corporate/
executive leaders. They should operationalize their companies by having a system that ensures
accountability is achieved.
Cynthia Coopers narrates her real-life story to encourage business leaders to exercise
internal audits seriously and ensure accountability and credibility of a company's performance.
WorldCom would not have fallen if the required standards were incorporated in its operations.
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Work Cited
Cooper, C. (2009). Extraordinary circumstances: The journey of a corporate whistleblower.
John Wiley & Sons.
Description
The assignment is to write about your thoughts on the story told in the book Extraordinary
Circumstances. You are not writing a book report or a book review.
It should be a two page paper. Use APA style as to font, margins, spacing, etc. No need for
a cover
page, running head, or abstract. This is not a research paper it is a paper about your
thoughts and
reflections. There is no need for a reference section unless you refer to a source other than
the book
Extraordinary Circumstances. If you do quote, paraphrase, or cite another source use the
APA in-text
citation style and include a reference section.
Write the paper in first person. Try to provide specifics and examples that support your
thoughts. For
example, you might write “The signing of the Telecom Act in 1996 set the stage for… “(p.
126). If you
use direct quotes from Extraordinary Circumstances, note the page number.
You may want to write about the ethical issues, auditing issues, business issues, regulatory
issues,
and/or the career issues raised in the book. Some thought-starters are listed below in no
particular
order, but please don’t just use my thoughts, write about your thoughts. Of course
organization,
grammar, and spelling count.
Thought-starters
Cooper’s struggles to gain respect and resources for the internal audit function.
WorldCom’s business model. WorldCom’s growth model.
Role of the independent auditors. Role of the Audit Committee.
Impact of regulatory changes on the industry.
Pressures that led to downfall.
Implications of whistleblowing.
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Corporate culture at WorldCom.
The fraudulent reporting and how it was accomplished.

Unformatted Attachment Preview

1 Extraordinary Circumstances Reflection Student's Name Institution Affiliation Course Number and Name Instructor Date 2 Extraordinary Circumstances Reflection The story Extraordinary Circumstances novel was written by Cynthia Coopers and published in 2007. Cynthia describes her first-time journey from her close family who stayed in Mississippi. She worked hard and purposed to succeed, and she became a whistleblower as one of her achievements. She was named in one of the Time's magazines in 2002. Additionally, she recounts an overview of WorldCom's rise and fall, which was the beauty of the streets and a telecom titan. This novel's narration depicts how successful people face challenges and for them to win, they will handle these challenges. Challenges need to be shared among peers and elders, which equips the incoming generation with skills to deal with critical situations requiring good decision-making. The book reminds us that ethical decision-making is a journey that starts from childhood, and it should not be forged at the crossroads of a major crisis. Cynthia uses this story to act as a wake-up call to corporate leaders who have different motifs in their leadership era. Dishonesty is one quality that any leader should never accept to dominate the public interest since it sets a poor foundation in citizens' minds concerning equity and good leadership. WorldCom's fall resulted from dishonesty among the corporate leaders, and this event shook the whole world. In her story, Cynthia Coopers vividly explains why the management should take internal audits seriously. Audits are very important since it gauges for accountability of the cash flow and growth of the business. She shares her personal story of how she managed to become a significant player in standing up for truth to expose the fraud. This tale cautions the executive leaders to stand for accountability in their positions. In my opinion, when one is entitled to a prominent position in a company, he/she should stand upright according to the codes of service, accountability, transparency, reliability, equity, to mention a few, are elements that should be 3 adhered to. WorldCom's fall resulted from not taking audits into considerations. Audits benchmark the company's progress and outline the expenditure budget and income from the profits gained. Furthermore, it helps in making decisions towards the company's progress. Accounting fraud is dynamic, and the story helps the reader to understand what it entails fully. Ideally, for fraud to be executed in a company, some leaders are involved, and those who stand by the truth are exempted. However, if their ugly deal is unleashed, those who stand by the truth are fixed in the scandal, and in some cases, all are treated equally. The best thing in a system is that the interpretational mechanism helps the auditors identify any company's loopholes. This ideology is vivid in the book. It is one of the engaging sections; she narrates how she and her internal auditors discovered the WorldCom Company's fraud. She reports the issue to the internal audit committee, and things fall apart; this shows that the committee was not up to the task; WorldCom had become not well managed, and thus why it was run without an operating system. Standard Operating Systems acquisitions in a company ensure all the company's undertakings are monitored and can be easily audited. This section acts as an eye-opener for corporate/ executive leaders. They should operationalize their companies by having a system that ensures accountability is achieved. Cynthia Coopers narrates her real-life story to encourage business leaders to exercise internal audits seriously and ensure accountability and credibility of a company's performance. WorldCom would not have fallen if the required standards were incorporated in its operations. 4 Work Cited Cooper, C. (2009). Extraordinary circumstances: The journey of a corporate whistleblower. John Wiley & Sons. Description The assignment is to write about your thoughts on the story told in the book Extraordinary Circumstances. You are not writing a book report or a book review. It should be a two page paper. Use APA style as to font, margins, spacing, etc. No need for a cover page, running head, or abstract. This is not a research paper it is a paper about your thoughts and reflections. There is no need for a reference section unless you refer to a source other than the book Extraordinary Circumstances. If you do quote, paraphrase, or cite another source use the APA in-text citation style and include a reference section. Write the paper in first person. Try to provide specifics and examples that support your thoughts. For example, you might write “The signing of the Telecom Act in 1996 set the stage for… “(p. 126). If you use direct quotes from Extraordinary Circumstances, note the page number. You may want to write about the ethical issues, auditing issues, business issues, regulatory issues, and/or the career issues raised in the book. Some thought-starters are listed below in no particular order, but please don’t just use my thoughts, write about your thoughts. Of course organization, grammar, and spelling count. Thought-starters Cooper’s struggles to gain respect and resources for the internal audit function. WorldCom’s business model. WorldCom’s growth model. Role of the independent auditors. Role of the Audit Committee. Impact of regulatory changes on the industry. Pressures that led to downfall. Implications of whistleblowing. 5 Corporate culture at WorldCom. The fraudulent reporting and how it was accomplished. Name: Description: ...
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