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Sarbanes-Oxley News & Developments
Inventory Foul-up for Bar-Code Company Symbol Technologies is not quite ready to put its years-long accounting troubles behind it.
> > Symbol has already restated five years of financials, and earlier this year it settled charges with the government and investors stemming from an accounting scandal. Now, Symbol says it has discovered discrepancies in the amount of inventory at a distributor and inventory on hand, affecting previously reported results. "We have moved swiftly to ascertain the nature and extent of these discrepancies," said president and chief executive officer William Nuti.
Source: CFO
Published:2004-11-09
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