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WorldCom audit scandal traced to internal discovery
Cynthia Cooper, an internal auditor at WorldCom, uncovered a scheme disguising about 4 billion in expenses as capital costs. The timeline shows swift board actions, external auditors changed, and plans to restate 2001 through Q1 2002 financials, with Sullivan and Myers facing possible removal.
MENTIONED IN THIS ARTICLE
Cooper
WorldCom
Scott Sullivan
David Myers
Glyn Smith
Max Bobbitt
Bobbitt
Farrell Malone
KPMG
Cooper and Smith
Myers
Malone
Sullivan
Andersen