This just sucks :|
http://news.com.com/2100-1033-949026.html
pdate Bankrupt telecommunications giant WorldCom said Thursday an internal audit of its books back to 1999 has revealed another $3.3 billion in accounting errors, bringing the total disclosed in the scandal to more than $7 billion.
The Clinton, Miss.-based company also said it may write off $50.6 billion of goodwill and other assets and it would reevaluate the value of its property, plant and equipment.
WorldCom said it discovered $3.3 billion in earnings that were improperly recorded on its books from 1999 to the first quarter of 2002. That is on top of the $3.85 billion in expenses the company previously said it had improperly booked as long-term investments.
"WorldCom is continuing its internal financial investigation," the company said in a statement, adding a warning that additional amounts of improperly reported earnings and income could be discovered.
http://news.com.com/2100-1033-949026.html
pdate Bankrupt telecommunications giant WorldCom said Thursday an internal audit of its books back to 1999 has revealed another $3.3 billion in accounting errors, bringing the total disclosed in the scandal to more than $7 billion.
The Clinton, Miss.-based company also said it may write off $50.6 billion of goodwill and other assets and it would reevaluate the value of its property, plant and equipment.
WorldCom said it discovered $3.3 billion in earnings that were improperly recorded on its books from 1999 to the first quarter of 2002. That is on top of the $3.85 billion in expenses the company previously said it had improperly booked as long-term investments.
"WorldCom is continuing its internal financial investigation," the company said in a statement, adding a warning that additional amounts of improperly reported earnings and income could be discovered.
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