We have to write an essay with atleast 2000 words. The WorldCom collapse in the USA raised several issues with regard to Auditor Independence. a) discuss three audit issues (such as independence, due diligence and valuation) that arose during the WorldCom collapse b) critically discuss the relevance (if any) of the developments following WorldCom (for example the Sarbanes-Oxley Act) to Australian Auditors Reference at least 8 academic journals (and 2 or more newspaper or professional accounting magazine articles), applicable audit standard(s). We should also identify any other standards or references to the Code of Ethics for Professional Accountants, which should have enabled the auditor(s) to identify and address the problems in the WorldCom Audit. Less than 10 references will be considered insufficient