WorldCom WorldCom is a telecommunications company currently known as MCI, Inc. In 2002, it overstated assets by $11 billion and understating expenses by $3.8 billion. The main issues regarding this fraud include capitalizing costs that should have been expensed and overstating revenues. A complaint issued by the SEC against WorldCom provides many details about this case.

https://www.sec.gov/litigation/complaints/comp17829.htm

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