Questions Answer two question about WorldCom accounting fraud and scandal Question 1: Nature and scope of the fraud. Briefly discuss the significan

Questions Answer two question about WorldCom
accounting fraud
and scandal

Question 1: Nature and scope of the fraud. Briefly discuss the significance of the fraud and what it involves. You can think of this section as highlights of the fraud that you are about to discuss in detail. (100-250)
Question 2: Anatomy of the fraud: Which accounts were manipulated and how; Why did the practices violate accounting rules. Meanly talk about Reduction of Reported Line Costs and Exaggeration of Reported Revenues. Other can be simply notice. (700-900)

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