Posted: September 18th, 2015

Auditing forensic

1. Part A:
Analyze the attached FY2000 and FY2001 WorldCom financial statements using: (in the Wall Street article)
(a) Horizontal and Vertical Analysis.
(b) Beneish ratios and
(c) Calculate M-scores using both the five variable and eight variable models for FY2000 and FY2001. Show all calculations.
What does your analysis suggest? Such as whether the statement likely have fraudulent
Part B:
Restate the attached WorldCom financial statements for FY2000 and FY2001 using annual figures provided by the SEC and repeat the analysis performed in Part A above. (use data in SEC article)
What does your analysis now suggest? Such as whether the statement likely have fraudulent

Requirement:
The current taxes payable have to estimated, and explain why use this number, and compared with the previous year
Performs horizontal and vertical analysis for FY 2000 and FY2001 (requires FY1999).Calculates all Beneish ratios and M scores for FY2000 and FY2001 under both the 5 variable model and 8 variable model. Calculations contain no errors. Critically explains Beneish ratios and M score results for FY2000 and FY2001.
Restates FY2000 and FY2001 and revises analysis, critically explains Beneish ratios and M scores

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