https://www.nytimes.com/2005/02/03/business/a-worldcom-settlement-falls-apart.html

Please refer to the above link to answer the following

Required - Short Answer Questions (SAQs):

a) Do you agree that audit firm should or should not have been assigned the task of financial consultancy of WorldCom? Explain with cogent reasons.

b) Is there a need to put in place protective covenants for outside/external shareholders who have no say and/or involvement in decision-making process at the BOD and MANCOM level to ensure stakeholders benefit from this strategy? If so, what form should these protections take?

c) What are the ethical considerations involved in a company's decision to loan executives money to cover margin calls on their purchase of shares of company stock? d) What are the ethical pros and cons of investment banking firms giving their special clients privileged standing in "hot" IPO auctions?

e) Describe and comment on the efficacy of the regulatory role of SEC, US, while WorldCom was going through a boom-bust cycle as described in the text.