home

Articles

Blog

Books

Tools

Links

FAQ Page


Ebbers Never Made Accounting Decision

Google
 
Web www.software-risk.co.uk

Bernie Ebbers' trial continued yesterday. Former WorldCom financial controller David Myers was facing cross examination from the defence.

The Manhattan court heard that Ebbers had never made "an accounting decision" according to Myers.

Myers had been asked by Ebbers' lawyer, Reid Weingarten, if he'd ever known Ebbers to "make an accounting decision?".

"Not that I am aware of," replied Myers.

Myers also replied "No" to the question, "Did you ever know Mr Ebbers to make an accounting entry into Worldcom books?"

Ebbers is on trial following the collapse of the telecoms company. The charges are for fraud, all of which he denies.

His defence centres on former, CFO, Scott Sullivan. Myers, claims that he doctored the books on Sullivan's orders rather than Ebbers.

Both Myers and Sullivan have already admitted their part in the scandal. They are now helping the government prosecute the case.

The collapse of WorldCom along with Enron was the catalyst for the introduction of the Sarbanes-Oxley Act of 2002.

Related Articles
Hoopes Appointed CFO at Catcher
SEC Proposes Years Exemption on 404
Sarbanes-Oxley Debacle
Republican Attack on Sarbanes-Oxley
COX - Sooner Rather than Later on SOX Reform
Elemental Security Names New CFO
Sarbanes-Oxley in the News
UK Fraud Simple Say Fraudsters

Similar Areas

Sarbanes-Oxley Items

Finance Items

Private Company Items

Accounting Items

Regulation Items

Selected Books

Keywords

WorlCom

Bernie Ebbers

Ebbers

f financial controller

David Myers

accounting

CFO

fraud

Sarbanes-Oxley


See our Sarbanes-Oxley compliance, load testing and Financial Glossary pages.
Articles   Books   FAQ Page   home   Jobs   Links   Reviews Page   Tools  
Booklist   books   Measurement   Testing   Tools