1. Cynthia Cooper's advice to accountants who believe themselves to be involved in or have found what appears to be a fraud included all the following except:

1)	Tell the truth.
2)	Go to the authorities/regulators.
3)	Talk to a mentor.
4)	Pay an attorney for a consultation.

2. What accounting principle did the CFO try to use in his White Paper to justify the capitalization of lease payments?

1)	Matching.
2)	Materiality.
3)	Historical Cost.
4)	Going Concern.

3. Which was NOT an environmental pressure(s) that drove the WorldCom fraud?

1)	Dot Com bubble burst.
2)	Telecom bubble burst.
3)	There was a belief that the internet would continue to grow exponentially.
4)	The decrease in the market price of WorldCom's stock
5)	All of the above were environmental pressures.
6)	None of the above were environmental pressures.

4. The WorldCom fraud included all of the following accounting manipulations EXCEPT which of the following?

1)	Drawing down of allowance accounts.
2)	Expensing of fiber optic line costs.
3)	The capitalizing of fiber optic line costs.
4)	Off balance sheet financing.
5)	a and c only.
6)	b and d only.