Posted: July 13th, 2022

How would you assess the fradulent activity that occurred at WorldCom?

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Question 1: How would you assess the fradulent activity that occurred at WorldCom?
This term, you will be introduced to real-life examples of how ethics and legal issues in accounting have played out in the past. You will use this knowledge to inform your understanding of the systems surrounding the world of accounting and thus influence the way you think about accounting in the future. To start, we will be assessing the WorldCom scandal.
In your response to this post, describe the reason for the fraudulent activity at WorldCom. Some guiding questions:
What do you already know about the events that took place?
Over what timeframe did they occur?
Who was driving the action?
What was the result?
What happened and what should have happened? What are the ethical implications?
What outstanding questions do you have about what took place?
Your response will ideally touch on as many, if not all, of the points above as possible. Use your text and at least three other sources to answer the above.

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