Movie Review, Finance and Accounting

Worldcom
Project description
Please watch the Worldcom video (http://www.youtube.com/watch?v=hXSWAK0K5L4) and then complete the following questions

1. What elements of the Fraud Triangle did you recognize in Myers’ description of the situation at WorldCom?
2. Myers says that Scott Sullivan was the smartest person he had ever met and he also felt loyalty to Sullivan. How could he have stood up to his boss?
3. Early on, David Myers says he believed he was engaging in aggressive accounting rather than outright fraud. Do you believe there is a difference between the two? How would you determine when an action crosses an unacceptable ethical line?

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