According to reports, Cynthia Cooper, the vice-president for internal auditing, who was the first to spot accounting irregularities, was expected to stand on Monday.
However, she has been excused as the Congressional committee decided her testimony could ‘potentially compromise other enquiries’ at the Mississippi-based company.
This follows reports in the New York Times that sacked WorldCom chief financial officer Scott Sullivan allegedly tried to hinder efforts by auditors to ‘see’ expenses shortly before the company’s near $4bn accounting shortfall came to light.
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