Accounting Fraud at WorldCom” Please respond to the following:
•Discuss how the CEO’s desire to be the #1 stock on Wall Street contributed to the fraud.
•Given the pressure on Accountants to book and release accruals to meet expected results, how might an Accountant go about handling this type of situation?
•Discuss the pros and cons of whistle blowing. Would you be more likely to blow the whistle or not? Explain your answer.
•Discuss the creditability of the Accounting Profession when Corporate fraud is unveiled
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