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Regulatory interest in vendor allowances has put CFOs on high alert

Even though vendor allowances have been common practice for several years, they could mean more trouble than they are worth in the post-SOX new accounting and financial world.

> > While improperly accounted vendor allowances costed his job to the former CFO of Dutch supermarket operator Royal Ahold, the SEC has reportedly made inquiries to several other companies in the retail business
Source: CFO.com


Published:2003-08-11
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