In 2002, WorldCom, the second largest U.S. long-distance telephone carrier confessed to what became one of the largest ever accounting frauds. What was wrong with WorldCom’s financial statements? Specifically describe the
problem or problems associated with their financial reporting. Were investors misled?

Who is to blame for the fraud? What would you do to correct the problems associated with WorldCom?

Again, I expect at least 3 paragraphs to adequately cover the above questions. Cite at least three sources in your discussion. Look to web sources including those available through the library. As always, use good grammar and remember to be concise

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