The management practices used in Worldcom Commerce essay
In the wake of WorldCom, Enron and other accounting scandals, Congress passed the Sarbanes-Oxley Act SOX, a corporate governance law that, among other things, makes top executives personally liable for the accuracy of a company's financial statements. American telecom company. WorldCom's accounting scandal was exposed. The company had resorted to fraudulent accounting practices for five quarters, four quarters and the first quarter. The WorldCom Accounting Scandal, 2002. Fall of WorldCom: A Critical Analysis. 1 Introduction. Once the largest provider of Internet-based communications services and the second-largest long-distance telephone company in the US, WorldCom became one of the most popular case studies, along with Enron, in business ethics, financial fraud, and senior management irresponsibility..