Question: Some of the scandals of the early 2000s were the
Some of the scandals of the early 2000s were the result of misapplying accounting principles, and others were the result of questionable accounting principles. Which do you think describes the WorldCom failure? Why? Do you think good accounting principles can eliminate financial failures like Enron and WorldCom? Have any of the corporate failures from 2008–2009 been related to accounting? If so, describe how.
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