Fraud and the Tone at the Top Essay Example

This video is created for accounting students and employees to provide information about the risks of corruption and fraud in the workplace. The main section of the video features an interview with Walt Pavlo from MCI Worldcom, in which he shares his personal account and describes the events that led to his imprisonment.

During his storytelling, two gentlemen analyze how Walt's narrative relates to the auditing world and the necessary measures for companies and auditors to prevent fraud cases. Walt Pavlo committed fraud at MCI Worldcom due to three major factors: meeting analysts' expectations, compensation and incentives, and pressure to achieve goals. Additionally, the video discusses five reasons why employees fail to report unethical conduct: absence of corrective action, confidentiality of reports, retaliation by superiors, retaliation by co-workers, and uncertainty regarding whom to contact. Furthermore, the