Confidence in question

As Risk went to press, WorldCom revealed that it had improperly accounted for $3.8 billion, one of the largest accounting frauds in history. News of this latest disaster for one of the world’s largest telecommunications companies sent those with WorldCom exposure scrambling for cover. None was to be found: WorldCom stopped trading in the credit derivatives market months before.

This latest episode raises the question: when will investors’ confidence in corporate reporting be eroded to the po

To continue reading...

You need to sign in to use this feature. If you don’t have a Risk.net account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an indvidual account here: