Introduction to WorldCom

             WorldCom was a multi-billion dollar telecommunications company that was founded in 1983.  At the time that the scandal broke WorldCom was ranked #2 in telecommunications only second to AT&T. (WorldCom Makes $30 Billion Hostile Bid for MCI, 1997)  WorldCom was going to change and the actions that conspired would come to light by the end of 2002.    A once flourishing company with a bright and seemingly unstoppable future would be center stage in an accounting scandal that would bring its future adn the future of many to an abrupt halt. This scandal would bring WorldCom and most of its key players to their knees. The next blogs will address the timeline of WorldCom, analyzing the events to the audit function and finally an evaluation of the changes that were implemented to prevent similar events from transpiring again in the auditing or accounting profession.

 

 

 

 

WorldCom Makes $30 Billion Hostile Bid for MCI. (1997, October 2). Retrieved from Facts on File World News Digest Database: http://www.2facts.com/article/1997077570