WorldCom Says It Is Reviewing Records For More Possible Accounting Problems

The embattled telecommunications company submitted a sworn statement to the Securities and Exchange Commission, which had demanded a report after filing civil fraud charges against WorldCom on Wednesday.

In its statement, WorldCom said its audit committee is reviewing financial records for 1999 through 2001 because "questions have been raised'"regarding significant changes in reserves against potential financial losses.

"No conclusion has been reached regarding these entries," the statement said.

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