This is a paper on the subject of accounting fraud. The case of accounting fraud is the WorldCom scandal. Please read documents related to the WorldCom scandal, such as the company’s annual WorldCom financial reports from 1999 to 2002, SEC judgments and investigative reports. Please combine the content of accounting and theoretical knowledge to analyze the case, because the subject of the paper is accounting.The following two web links may help you:1. https://ift.tt/iOxwZXz. https://ift.tt/FeUaiQh Requirements:Consequences of the fraud, including losses to shareholders, short and long-term market impact on the company and industry, criminal and civil penalties for the accused parties.Please add the content and points contained in the speech I uploaded into the paper.Note: Please write strictly according to the writing requirement.

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