More Arthur Andersen accounting fallout WorldCom finances in upheaval; CFO fired. “WorldCom fired its top financial executive Tuesday after discovering that the company had improperly accounted for almost $4 billion on its corporate balance sheets over the last five quarters… Taking the new information into account, the company said it would have reported a net loss for 2001 and the first quarter of 2002… In its statement, the company said that Arthur Andersen, which also came to notoriety in the Enron collapse, had audited the financial statements in question.”