Free Republic 2nd Qtr 2024 Fundraising Target: $81,000 Receipts & Pledges to-date: $29,479
36%  
Woo hoo!! And we're now over 36%!! Thank you all very much!! God bless.

Keyword: accountingatissue

Brevity: Headers | « Text »
  • GLOBAL CROSSING UNDER INQUIRY OF PANEL: Reps query bankrupt telecoms' accounting practices

    03/21/2002 1:34:03 AM PST · by Liz · 15 replies · 480+ views
    NY TIMES ^ | 3/21/02 | Simon Romero
    The House Financial Services Committee is scheduled to hold the first Congressional hearing today on fallout from the bankruptcy filing of Global Crossing, whose financial collapse has fueled concerns about accounting practices at some telecommunications companies. Global Crossing, which is based in Bermuda but is managed from offices in Madison, N.J., and Beverly Hills, Calif., filed for bankruptcy protection in late January. The company, which says it has more than $22 billion in assets, has been accused of using questionable transactions to inflate its revenue improperly. The Securities and Exchange Commission and the F.B.I. are investigating Global Crossing's accounting practices....