Corporate
Aug. 13, 2002
Companies Should Be Candid SEC About Accounting Irregularities
Focus Column - By William E. Simpson - The epidemic of accounting abuses by corporations has shaken investors' confidence in the accuracy of corporate financial reporting. Notable recent examples include Xerox Corp.'s restatement of more than $6 billion in revenues, WorldCom Inc.'s mischaracterization of $3.85 billion in expenses and the collapse of Enron Corp.
By William E. Simpson
The epidemic of accounting abuses by corporations has shaken investors' confidence in the accuracy of corporate financial reporting. Notable recent examples inclu...
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