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Define the basis of the time magazine person

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Reference no: EM131736128

In December 2002, Time Magazine named Cynthia Cooper, Coleen Rowley, Sherron Watkins as its persons of the year. Cynthia Cooper was vice president of internal audit for WorldCom and informed the firm's audit committee that the firm had improperly treated billions of dollars as capital expenditures rather than properly treating them as period expenses. Coleen Rowley was an FBI attorney who wrote a 13-page memo describing deficiencies in the FBI. Sherron Watkins was vice president at Enron and informed Chairman Kenneth Lay of her serious concerns about Enron's financial reporting. Select one of the two accounting related situations (WorldCom or Enron) to answer the following questions on the basis of the Time magazine Person of the Year article or other articles.

Reference no: EM131736128

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