Question: Based on the article below, WorldCom was involved in violating accounting principles. Discuss the following in context of WorldCom: (a) In context of accounting principles,

Based on the article below, WorldCom was involved in violating accounting principles. Discuss the following in context of WorldCom:

(a) In context of accounting principles, briefly explain the accounting principles violated by WorldCom

(b) Explain what does it mean by accounting misstatement? Discuss three causes of accounting misstatement

(c) Discuss 4 possible motivations behind violating the accounting principles (8 marks) (d) Discuss three types of accounting misstatement

(e) What were three major consequences faced by WorldCom for violating accounting principles

Link for the company :WorldCom:https://corporatefinanceinstitute.com/resources/knowledge/other/top-accounting-scandals/

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