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Records Management Program <[log in to unmask]>
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Taina Makinen <[log in to unmask]>
Date:
Wed, 11 Apr 2007 09:00:38 -0400
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Records Management Program <[log in to unmask]>
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Gary Link wrote:
>...I just want to know what exactly the Worldcom bankruptcy had to do with records management.

Gary, here's an excerpt from an article in CFO Magazine that might help:

"The difficulty of the audit work was compounded by the sorry state of WorldCom's records. In some instances, Post-it notes were attached to journal entries in lieu of proper documentation. The FBI had taken documents that had to be tracked down and retrieved. In the end, Blakely's team made more than 3 million new or revised entries."

http://www.cfo.com/article.cfm/3014763/2/c_3046615

Cheers,
Taina Makinen
Vital Records Specialist
Canadian Tire Corporation
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