Business Finance Homework Help

I’m working on a accounting discussion question and need an explanation and answer to help me learn.

This week you will find and review a YouTube video that has not been posted by another student, and then comment on a YouTube video that was posted by a classmate.

By Wednesday, find a YouTube video about WorldCom.  Before posting, scan the prior posts by your classmates to ensure that you are posting a video not previously discussed by another student.  Begin your post with the title of the video and a link to the video.  Then list three things you learned from the video that you did not previously know.  Please number your comments (#1, #2, and #3).

By Sunday, reply to a classmate’s posted video.  Cite the classmate’s name in the reply.  Watch the video they posted.  Compare and contrast the video you posted with the video posted by your classmate.  What are the similarities and differences?

https://www.youtube.com/watch?v=T2mlYoRax_w (Links to an external site.)

1. Glyn Smith, on of the auditors, identified the initial red flag, which was a term “prepaid capacity” that most people they talked to could not define.

2. Cynthia Cooper, a VP of Internal audit at WorldCom, was ready to testify in a Congress hearing but never was called. Also she closely worked with Smith and his team on potential strategies of moving the case forward.

3. It was interesting to hear Smith opinion on Sarbanes–Oxley Act, which he finds good buy somewhat an “overkill” due to its cost and time consumption.