I am doing a paper on World Com. I need the below questions answered.

a) What are the industry-specific challenges, such as specialization, competition, or growth, this organization is faced with? How do these challenges relate to the company?s business environment?

b) Based on the case study, what behaviors did employees exhibit that were indicative of fraud? Describe the pressures employees faced from management that might have led to the fraud. How could they have been avoided?

c) Assess the strengths of the organization?s internal controls. Where are the weaknesses and how might these lead to fraud?

d) How could you address these weaknesses in order to improve them? What measures could you take to ensure this would improve the weaknesses?

e) What sorts of anomalies were contained within the financial statements or additional financial analysis? How do these anomalies relate to the potential fraudulent activity?

ACC 646 Final Project Milestone Two Guidelines and Rubric Overview: Forensic accounting has been identified as the fastest growing area of accounting. Fraud examiners must understand the legal aspects of fraud and what constitutes fraud. To be successful in this industry, they must be able to determine why people commit fraud and how to prevent it from happening. Through this analytical process, examiners may then provide organizations with recommendations for improving their internal controls, thus preventing further financial losses and additional harm to their reputations. For Milestone Two, you will submit an analysis of the business environment and the industry for your chosen company. Consider the industry-specific challenges, behaviors indicative of fraud, and internal control structure and perform a financial statement analysis for your company. Prompt: Provide the management team of your selected company with an assessment of the business environment and the industry from the perspective of a fraud examiner. Specifically, the following critical elements must be addressed: II. Business Environment and the Industry a) What are the industry-specific challenges, such as specialization, competition, or growth, this organization is faced with? How do these challenges relate to the company's business environment? b) Based on the case study, what behaviors did employees exhibit that were indicative of fraud? Describe the pressures employees faced from management that might have led to the fraud. How could they have been avoided? c) Assess the strengths of the organization's internal controls. Where are the weaknesses and how might these lead to fraud? d) How could you address these weaknesses in order to improve them? What measures could you take to ensure this would improve the weaknesses? e) What sorts of anomalies were contained within the financial statements or additional financial analysis? How do these anomalies relate to the potential fraudulent activity? Guidelines for Submission: Your analysis must be submitted as a 2-3 page Microsoft Word document with double spacing, 12-point Times New Roman font, oneinch margins, and at least three sources cited in APA format. Instructor Feedback: This activity uses an integrated rubric in Blackboard. Students can view instructor feedback in the Grade Center. For more information, review these instructions. Rubric Critical Elements Business Environment and the Industry: Industry-Specific Challenges Business Environment and the Industry: Behaviors Proficient (100%) Determines the industry-specific challenges the organization faces and how they relate to the company's business environment Describes the behaviors employees exhibited in the case study that were indicative of fraud and the pressures employees faced from management that may have led to the fraud and how they could have been avoided Needs Improvement (75%) Determines the industry-specific challenges the organization faces but does not determine how they relate to the company's business environment Describes the behaviors employees exhibited in the case study that were indicative of fraud but does not describe the pressures employees faced from management that may have led to the fraud and how they could have been avoided or description is cursory or contains inaccuracies Business Environment Assesses the strength of the Assesses the strength of the organization's and the Industry: organization's internal controls and internal controls but does not discern the Internal Controls discerns the weaknesses and how they weaknesses and how they may have led to may have led to fraud fraud Business Environment Determines how the weaknesses could Determines how the weaknesses could be and the Industry: be improved and what measures could improved but does not determine what Weaknesses be taken to ensure improvement measures could be taken to ensure improvement Business Environment Determines the sorts of anomalies Determines the sorts of anomalies present and the Industry: present in the financial statements or in the financial statements or additional Anomalies additional financial analysis and directly financial analysis but does not relate them relates them to the potential fraudulent to the potential fraudulent activity or activity contains inaccuracies Articulation of Response Submission has no major errors related to Submission has major errors related to citations, grammar, spelling, syntax, or citations, grammar, spelling, syntax, or organization organization that negatively impact readability and articulation of main ideas Not Evident (0%) Does not determine the industryspecific challenges the organization faces Value 19 Does not describe the behaviors employees exhibited in the case study that were indicative of fraud 19 Does not assess the strength of the organization's internal controls 19 Does not determine how the weaknesses could be improved and what measures could be taken to ensure improvement Does not determine the sorts of anomalies present in the financial statements or additional financial analysis 19 Submission has critical errors related to citations, grammar, spelling, syntax, or organization that prevent understanding of ideas Earned Total 5 19 100%