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The media zoned in on the senior leadership at Enron, who were charged with various counts of fraud and misconduct, essentially leading to the downfall of the large company. Worldcom was also another company that was caught up in accounting fraud in the realm of $11 billion (Jeter, 2006). Both of these incidents have set the stage for the current focus on corporate governance and accountability in the 21st century.
Describe the Situation ? Countrywide Financial
Countrywide Financial is a mortgage focused financial services company, and will be referred to as "CFC" throughout the remainder of this document...
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