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THE ACCOUNTING FRAUD @ WORLDCOM: THE CAUSES, THE CHARACTERISTICS, THE CONSEQUENCES, AND THE LESSONS LEARNED

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Date Issued:
2011
Abstract/Description:
The economic prosperity of the late 1990s was characterized by a perceived expansive growth that increased the expectations of a company's performance. WorldCom, a telecommunications company, was a victim of these expectations that led to the evolution of a fraud designed to deceive the public until the economic outlook improved. Through understanding what led to the fraud, how the fraud grew, and what its effects were, lessons can be derived to gain a better understanding of the reasons behind a fraud and to prevent future frauds from occurring or growing as big as the WorldCom fraud did.
Title: THE ACCOUNTING FRAUD @ WORLDCOM: THE CAUSES, THE CHARACTERISTICS, THE CONSEQUENCES, AND THE LESSONS LEARNED.
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Name(s): Ashraf, Javiriyah, Author
Roush, Pamela, Committee Chair
University of Central Florida, Degree Grantor
Type of Resource: text
Date Issued: 2011
Publisher: University of Central Florida
Language(s): English
Abstract/Description: The economic prosperity of the late 1990s was characterized by a perceived expansive growth that increased the expectations of a company's performance. WorldCom, a telecommunications company, was a victim of these expectations that led to the evolution of a fraud designed to deceive the public until the economic outlook improved. Through understanding what led to the fraud, how the fraud grew, and what its effects were, lessons can be derived to gain a better understanding of the reasons behind a fraud and to prevent future frauds from occurring or growing as big as the WorldCom fraud did.
Identifier: CFH0003811 (IID), ucf:44772 (fedora)
Note(s): 2011-05-01
B.S.B.A.
Business Administration, Kennth G. Dixon School of Accounting
Masters
This record was generated from author submitted information.
Subject(s): accounting
fraud
auditing
internal controls
internal environment
fraud triangle
sarbanes oxley
dot com bubble
telecomm bubble
external environment
Persistent Link to This Record: http://purl.flvc.org/ucf/fd/CFH0003811
Restrictions on Access: public
Host Institution: UCF

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