#BERT ROGERS AIM BANK UPDATE#
#BERT ROGERS AIM BANK ZIP#

That the fraud continued as long as it did was due to a lack of courage to blow the whistle on the part of others in WorldComs financial and accounting departments inadequate audits byĪrthur Andersen and a financial system whose controls were sorely deficient. Though much of this Report details the implementation of the fraud by others, he was the source of the culture, as wellĪs much of the pressure, that gave birth to this fraud. The fraud was the consequence of the way WorldComs Chief Executive Officer, Bernard J. Rather, the fraud occurred as a result of knowing misconduct directed by a few senior executives centered in its Clinton, Mississippi headquarters, and implemented by personnel in its financial and accounting departments in several Most of WorldComs people did not know it was The fraud did not involve WorldComs network, its technology, or its engineering. As enormous as the fraud was, it was accomplished in a relatively mundane way: more than $9 billion in false or unsupported accountingĮntries were made in WorldComs financial systems in order to achieve desired reported financial results. Important parts of the Report and sets out our conclusions.įrom 1999 until 2002, WorldCom suffered one of the largest public company accounting frauds in history. This Summary and Conclusions section highlights (WorldCom or the ∼ompany) submits this Report of Investigation. The Special Investigative Committee (∼ommittee) of the Board of Directors of WorldCom, Inc. WorldCom Policies Regarding Use of Company Airplanes The Quality of Board and Committee Oversightįinancing Ebbers Non-WorldCom Businesses The Role of the Board and the Audit Committee The Membership and Functioning of the Board WorldComs Board of Directors and Its Committees WorldComs Withholding of Information From Andersen WorldCom Senior Managements Control of Information WorldCom Managements Treatment of Andersen Missed Opportunities to Identify Accounting Irregularities Why Andersen Did Not Detect the Accounting Irregularities The MonRev and the Corporate Unallocated ScheduleĪrthur Andersen and the Public Disclosure of the 2001 Tax Accrual Release Internal Audits 2002 Capital Expenditures Audit Line Cost Accrual Release in the United KingdomĪccrual Releases to Offset Domestic Line Costsĭiscovery of the Capitalization of Line Costs Releases of Accruals to Reduce Line Costs Telecommunications Sector Competition, 2000 - 2002 WorldCom from 1999 - 2002: Growth Slows as Acquisition Alternatives Shrink WorldCom in the 1990s: Growth Through Acquisitions Lease of Airplane to Chairman of Compensation Committee You could be walking away from a listing or more.Why WorldComs Auditors Did Not Discover the Fraudīoards Lack of Awareness of Accounting Fraud Are they thinking of selling, buying or know someone? Don’t just throw out the “It’s unbelievable” and walk away. If they ask, there is a reason they want to know. Don’t let this simple conversation slip away. Take it even further and ask them if they would like to know more specifically about their neighborhood, which you can easily provide with a little homework.

#BERT ROGERS AIM BANK ZIP#

Ask the consumer posing the question if they would like to be added to your mailing list so that you may keep them up to date on what is happening in their specific zip code.

#BERT ROGERS AIM BANK UPDATE#

Perhaps you provide your customers with a monthly marketing update newsletter or e-blast. Get your numbers from the MLS and be able to communicate the numbers with confidence because you are delivering a true message and not a response that has been drilled into your head by real estate coaches. Know your local numbers, which we all know can vary from neighborhood to neighborhood. If you live in South Florida, responding with the national number won’t really make sense. When asked this very simple question, we suggest you respond with statistics and fact. We imagine that you would rather be thought of as a real estate expert than a salesperson, correct? If so, keep reading.

Wouldn’t you rather have them get the real answer from you, the expert? They can Google that question and get a good answer. That is how you will earn the trust of consumers today. How is the market, really? Answer this question with intelligence and honesty. In our humble opinion, so is that statement.Īs an industry, REALTORS® need to take pride in our profession and separate ourselves from sales pitch mumbo jumbo. Some coaching experts have trained associates to respond with this canned statement: “It’s unbelievable”. Agents and brokers alike are asked this simple question all the time.

Bert rogers aim bank