4&7 - ACC351 WORLDCOMBETTYVINSON .Atthe ,...

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ACC351 WORLDCOM – BETTY VINSON Please provide  realistic  answers and do not use hindsight analysis.  At the  time this event occurred, accounting fraud was rarely prosecuted and rarely  resulted in jail time.   1. Who is at fault in this debacle at Worldcom? List all players in the article  that you believe are at fault. 2. Do you hold Betty Vinson accountable?  Was she a victim or a  perpetrator? As a CPA, does Ms. Vinson have other responsibilities  separate and apart from being a manager at Worldcom?  3. What were Ms. Vinson’s options if she refused to proceed? Specifically  what (realistic) steps could she have taken?  4. How was Worldcom being fraudulent?  Describe the actual process for the  fraud? What approximate accounting entries were made and what  accounting entries should have been made? A. The accountants worked in WorldCom Company transferred line costs to capital
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4&7 - ACC351 WORLDCOMBETTYVINSON .Atthe ,...

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