Bernie Ebbers, the Telecom myth

Posted by & filed under Accounting Information Systems, Accounting Principles, Advanced Accounting, All Articles, Auditing, Cost Accounting, Financial Accounting, Fraud Accounting, Intermediate Accounting, Managerial Accounting, Uncategorized, Video Updates.

According to the New York Times, the former chief of WorldCom, convicted in one of the largest corporate accounting scandals in U.S. history, died yesterday, just over a month after his early release from prison. Questions: What happened to World Com in 2002? How long was Ebbers sentence and what were the allegations against him?… Read more »

Bernie Ebbers Gets Out Early

Posted by & filed under Accounting Information Systems, Accounting Principles, Advanced Accounting, All Articles, Auditing, Ethical Dilemma, Financial Accounting, Fraud Accounting, Intermediate Accounting, Managerial Accounting, Uncategorized, Video Updates.

According to Accounting Today, Bernie Ebbers, infamous for the World Com fraud was granted early release for health reasons. Questions: What is the First Step Act and why did the author think that this had a bearing on the case? How long had Bernie Ebbers served? When MCI went bankrupt as a function of the… Read more »