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In the case of WorldCom, a national company that began in 1983 and would provide long-distance telephone services, it is hard to determine where the problem begins. The case, as explained in the book, has never really found the core of the problem. We are told that financial reports were falsely created and improper accounting practices were found, but who is to blame? The textbook tells us that several of the former top financial executives pleaded guilty to securities fraud, however they defended themselves to say that they were forced to cover things up by other top officials.
As reading through the questions given in class it was hard to completely gather all thoughts into one area. We know that World Com is a for profit organization that provided telecommunications to customers nation wide. The company began in the early 1980's and it's main marketplace was domestic, however their products were available for global use.
The practices of questionable accounting......

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Approximate Word Count: 670
Approximate Pages: 3 (250 words per double-spaced page)

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