Accounting Paper Scenario: Henry is a new accounting recruit at Green Fields & Co Certified Public Accountants. He has been undergoing a rigorous training and orientation exercise at the firm. A client of the firm, Grout Industries Company Limited (GICL) whose Accountant left abruptly for greener pastures, has brought a list of account balances to […]
Prepare a case study describe the fraud and explain why did the fraud remain undetected?
WorldCom Fraud Introduction/Company’s history (one page max.) Describe the fraud. How was the fraud perpetrated? Why was the fraud committed? Why did the fraud remain undetected? The role of internal and external auditors. Comments and conclusion.