Wednesday, June 26, 2002

Guess Who The Auditors Were?

From today's Washington Post:

Company financial statements based on this maneuver were approved by Andersen, the company's outside auditors until May. WorldCom said it had informed Andersen of the newly discovered accounting transfers and that Andersen had replied that its audit "could not be relied upon." Andersen was replaced as WorldCom auditor May 15 by KPMG LLP.