20 Years Later, WorldCom Is Still a Watershed Event for Internal Audit
Audit Board
JUNE 7, 2022
I recall exactly where I was when I heard the dreadful news that WorldCom had admitted to inflating its earnings by $3.8 It was June 25, 2002, and The IIA was gathered in Washington DC for its annual international conference. The already beleaguered WorldCom stock plunged, and the NASDAQ suspended trading when shares hit 9 cents.
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