Geraldine Kelly, who was employed by WorldCom as an information service cost management analyst in mid-1998, according to The Guardian, took her concerns to the DTI after allegedly discovering ‘unorthodox techniques’ to account for charges involving long-distance phone calls.
A spokesperson for the DTI told AccountancyAge.com it did not comment on company investigations, but said that all complaints it received were ‘thoroughly investigated’.
WorldCom is currently being investigated by the chief financial watchdog the US Securities & Exchange Commission over allegations of a $3.8bn (£2.4bn) accounting fraud.
Sullivan and WorldCom founder Bernie Ebbers were both subpoenaed to appear before a Congressional hearing earlier this month, but declined to answer questions by invoking their fifth amendment rights.
Does Darwin's theory apply to taxation? Colin ponders...
The EC has been instructed to draft a European Union (EU) directive authorising an EU financial transaction tax, which would apply to ten of the EU’s 28 member states
Accountancy watchdog the FRC has dropped its investigation into the former chief financial officer of Tesco, nearly two years after the supermarket was engulfed in an accounting scandal
Colin imagines how Apple's logo might change in the wake of the EC's ruling over its Irish tax arrangements