What were the industry conditions that should have increased the external auditors risk assessment of possible manipulation
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Question:
What were the industry conditions that should have increased the external auditors risk assessment of possible manipulation of financial results? Was there anything in WorldCom's financial results that was at odds with the rest of the industry? What was the form of excessive risk taking in the industry?
Expert Answer:
In the case of WorldCom there were several industry conditions that should have raised red flags for external auditors and increased their risk assessment of possible manipulation of financial results ... View the full answer
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