Subscribed Newsletter: The Story of SOX, Part 3: Quality Control Comes to Accounting

When WorldCom's internal auditors uncovered a $3.8B fraud, they didn't just expose a scandal — they helped reshape U.S. financial controls. Here's how their courage changed everything.

[ Zuora's Subscribed Weekly Newsletter - We subscribe to modern business ] [[https://www.zuora.com/subscribed/]]

The Story of SOX, Part 3: Quality Control Comes to Accounting

In the spring of 2002, deep inside a cubicle at WorldCom's Mississippi headquarters, internal auditor Gene Morse stumbled across a $500 million entry for computer expenses. But something didn't add up.   There were no invoices, no documentation, and no reasonable explanation. He brought the anomaly to his boss, Cynthia Cooper, the company's VP of internal audit. That one suspicious entry would unravel into one of the largest corporate frauds in U.S. history.

Keep reading

[ Zuora black logo ]

Zuora Inc.101 Redwood Shores Parkway Redwood City, CA 94065 Mail: info@zuora.com | Phone: (800) 425-1281 © 2025 Zuora Inc. All Rights Reserved.     If you wish to update your email preferences: Visit our Subscriber Portal, or unsubscribe from future emails.

If you wish to update your email preferences, visit our Subscriber Portal, or Unsubscribe from future emails. You can also email us at unsubscribe@zuora.com.