Does the report bring together the literature and theory in a coherent manner that critically addresses the report question?

The WorldCom scandal was a huge accounting scandal that was uncovered in 2002. WorldCom was then the USA’s second largest long-distance telephone company. The fraud was unearthed in June 2002 when the company’s internal audit unit discovered over USD 3.8 billion of fraudulent balance sheet entries. Subsequently, WorldCom admitted that it had overstated its assets by more than USD 11 billion. At the time, it was the biggest accounting fraud in American history.
With reference to the relevant and appropriate accounting theory, you are required to identify and critically discuss the main financial accounting issues relating to this scandal.

Marking Criteria
Marks allocated to criteria

Focus
Does the report specifically address the question set?

Synthesis
Does the report bring together the literature and theory in a coherent manner that critically addresses the report question?

Soundness
Does the report indicate a comprehensive understanding of the topic area, literature and theoretical concepts discussed?

Clarity of structure
Is the report well organised and logically constructed to achieve synthesis using a structure that addresses the needs of the reader?
10

Mechanical Soundness
Is the report clearly written with good syntax, spell checked, grammatically sound and well referenced appropriately?

Last Completed Projects