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Please CAREFULLY read the case study: Accounting Fraud at Worldcom, Inc. write a 3-5 paragraph summary of the case study. You should focus on the most important points in the case study. The reason is that this accounting fraud shook the financial world and changed the political and financial landscape in the United States. Most importantly, we are interested in the decision making aspects of these events along with the accounting choices made. *****Answer there two question at the end of the summary in short answers:1- What is the boundary between earnings management and fraudulent reporting? At what point did Worldcom cross over into the fraud territory? 2- How was the accounting fraud done? Be specific as possible.


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