Troubled photocopier maker Xerox Corp., under investigation by U.S. regulators for how it booked revenue from its Mexican operations, said yesterday it misapplied certain accounting rules but had not ...

HPL Technologies Inc. Friday stunned the chip design and manufacturing worlds, as well as many investors, when it reported that its audit committee has initiated an investigation into financial and ...

Tokyo, March 31 (Jiji Press)--Japanese telecommunications company KDDI Corp. said in a report Tuesday that two related companies overstated sales by a total of 246.1 billion yen via fictitious ...

The investigation revealed that fictitious transactions were received from upstream agencies, routed through downstream agencies, and then circulated back to the same upstream agencies. KDDI has ...

The Round Rock, Texas-based computer maker also said it uncovered problems with its warranty accounting, and that its earnings over several-year period were less than had been publicly reported. "The ...

Businesses provide products or services in exchange for money. The purpose of accounting is to record these financial exchanges or transactions. Simply put, accounting transactions are records kept of ...