Assignment 1 (a) WorldCom was a major global communications provider based at Clinton Mississippi, but operated in more than 65 countries. WorldCom engaged in schemes directed and approved by its senior management. The company disguised its true operating performance by using undisclosed and improper accounting that materially overstated its income before income taxes and minority interests by approximately $3.055 billion in 2001 and $797 million during the first quarter of 2002.
