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WorldCom Intensifies Review of Past Accounting Records

WorldCom, which last week admitted to inflating earnings by nearly $4 billion since 2001, said Monday it was reviewing additional financial records for other possible accounting mistakes.

Wrong Numbers

Ray Suarez looks at the latest developments in the WorldCom story with New York Times reporter Kurt Eichenwald.

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Xerox Inflated Revenue Reports by $1.9 Billion

Xerox Corp. announced Friday that it had improperly inflated revenues by some $1.9 billion over the past five years and would correct the amount in future financial statements.

Money & Ethics

Paul Solman of WGBH-Boston discusses ethics in corporate America with a group of veteran business journalists. The conversation was conducted before the most recent WorldCom news.

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WorldCom Admits to Inflating Earnings by Nearly $4 Billion

WorldCom, the nation's second-largest long-distance telecom, admitted Tuesday that it overstated its earnings for over a year by $3.8 billion through improper accounting methods.

Shaken Markets

Three experts discuss how the WorldCom matter and other corporate scandals are affecting investor confidence.

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Andersen Convicted of Obstructing Justice

A federal jury in Houston on Saturday convicted accounting firm Arthur Andersen of obstructing justice by destroying Enron-related documents.

Newsmaker: Harvey Pitt

Harvey Pitt, chairman of the Securities and Exchange Commission, details new rules that would require executives to certify their companies' financial reports.

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