Ah, the blame game continues...
"WorldCom uncovered this problem internally," Sidgmore said in prepared testimony. "The kind of initiative demonstrated by our internal audit group is to be applauded and will continue to be encouraged."
Arthur Andersen, the company's outside auditor, was by contrast the target of criticism. WorldCom Chairman Bert Roberts, calling the accounting improprieties "an outrage to me," said, "To my mind, the failure of our outside auditors to uncover them is inconceivable."
Melvin Dick, the senior Andersen audit partner for WorldCom, testified that neither he nor any member of the Andersen team "had any inkling" of the improper accounting.
It seems the team RESPONSIBLE FOR AUDITING THE BOOKS should have some inkling! |
