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Xerox Documents Accounting Woes - http://money.cnn.com/2002/06/28/news/companies/xerox/
"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] |
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Accounting Panic Hits Xerox - http://news.bbc.co.uk/1/hi/business/2071689.stm
"Xerox admits overstating its profits by $1.4bn from 1997 to 2001, casting a fresh shadow over US corporate and auditing practices." [BBC News] |
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Xerox Settles SEC Enforcement Action Charging Company With Fraud - http://www.sec.gov/news/headlines/xeroxsettles.htm
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." |
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Xerox - A Carbon Copy Accounting Scandal - http://www.plastic.com/article.html?sid=02/06/28/15024800
"CNN is reporting that Xerox incorrectly booked close to $6 billion in revenue over the past five years." News and reader discussion. [Plastic] |
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Xerox in $2bn Scandal - http://www.guardian.co.uk/business/story/0,3604,746299,00.html
"Dollar plunges as firm admits exaggerating revenues." By Nils Pratley and Jill Treanor. [Guardian] |