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Yes, WorldCom leaps to mind http://www.accounting-degree.org/scandals/ http://www.accounting-degree.org/scandals/ They misstated costs as investments and were
by asmithmd1 13y ago
Yes, WorldCom leaps to mind
http://www.accounting-degree.org/scandals/ http://www.accounting-degree.org/scandals/
They misstated costs as investments and were able to show big profits - for a while.
- mistermann 13y agoWhile Worldcom is one incident where one(?) person was punished, it is from 2002, and from that page, it was following that incident that they enacted SOX, which afaik hasn't been used since. Or if it has, the incidents have been few and far between. I will continue to believe the system is rigged.