Directory > Society > Issues > Business > Allegedly Unethical Firms > Xerox Accounting Panic Hits Xerox "Xerox admits overstating its profits by $1.4bn from 1997 to 2001, casting a fresh shadow over US corporate and auditing practices." [BBC News] http://news.bbc.co.uk/1/hi/business/2071689.stm Reviews Rating: Not yet Rated
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Xerox Documents Accounting Woes "Xerox Corp. improperly booked nearly $2 billion in revenue over the past five years, the company said Friday, as the copier maker was forced to restate earnings to reflect $1.4 billion less in pre-tax profits during the period." [CNN Money] http://money.cnn.com/2002/06/28/news/companies/xerox/ Reviews Rating: Not yet Rated
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Xerox Settles SEC Enforcement Action Charging Company With Fraud Press release. "The Securities and Exchange Commission today filed suit against Xerox Corporation in connection with a wide-ranging, four-year scheme to defraud investors." http://www.sec.gov/news/headlines/xeroxsettles.htm Reviews Rating: Not yet Rated
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Xerox - A Carbon Copy Accounting Scandal "CNN is reporting that Xerox incorrectly booked close to $6 billion in revenue over the past five years." News and reader discussion. [Plastic] http://www.plastic.com/article.html?sid=02/06/28/15024800 Reviews Rating: Not yet Rated
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Xerox Hit by Fresh Scandal "The company, whose name is synonymous with photocopiers, has already been fined $10m this year by the US financial watchdog, the securities and exchange commission, for overstating profits by $3bn between 1997 and 2001." By Mark Tran. [Guardian] http://www.guardian.co.uk/Archive/Article/0,4273,4450762,00.html Reviews Rating: Not yet Rated
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Xerox in $2bn Scandal "Dollar plunges as firm admits exaggerating revenues." By Nils Pratley and Jill Treanor. [Guardian] http://www.guardian.co.uk/business/story/0,3604,746299,00.html Reviews Rating: Not yet Rated
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