Assume that you are part of the SEC team investigating the financial statement fraud committed by WorldCom, prepare a brief forensic accounting plan to support the investigation of Event 1 or Event 2 above (5 marks). 4. Analyse the FY2000 and FY2001 WorldCom financial statements using the following analytical methods, and discuss any material red flags which may be revealed by each analytical method. Please show all calculations (25 marks): (a) Horizontal Analysis (b) Vertical Analysis. (c) Ratio Analysis (select any five key ratios only) (d) Beneish ratios. (e) M-scores using both the five variable and eight variable models. (10 + 15 + 5 + 25 = 55 marks) 5. Up to a maximum of 5 marks will be awarded for quality. That means the assignment is formatted appropriately, no spelling errors and no grammatical errors. Please note that RMIT University Academic Integrity policy applies to all written work, including this assignment. The policy can be viewed here http://www1.rmit.edu.au/students/academic-integrity