Cynthia Cooper, the former WorldCom vice president of internal audit who exposed the $11 billion fraud at the telecommunications company, is among three CPAs who will be inducted this month into the 2004 American Institute of CPAs Business & Industry Hall of Fame.
Cooper was vice president of internal audit when she exposed the fraud at WorldCom, to date the largest corporate fraud in history. Her decision to take her findings to WorldCom's board despite management discouragement resulted in the company, now doing business as MCI, admitting that it had inflated its profits by $3.8 billion - a number that has since grown to $11 billion. Her efforts landed her on the cover of Time Magazine after being named one of their "Persons of the Year" in 2002.
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