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Sarbanes-Oxley News & Developments
CFO & Controller Put On Leave At NortelDue to an inquiry into accounting at the company.
> > Nortel Networks Corp. put its CFO, Douglas Beatty, and its Controller, Michael Gollogly, on paid leaves of absence. The suspensions are part of an investigation into the accounting practices of the company. Last week the company said it will probably need to revise results for the year ended December 31, 2003, including several quarterly reports, as well as results for one or more earlier periods.
Source: CFO
Published:2004-03-16
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