Xero Allegedly Unethical Firms Business Issues

"The company, whose name is synonymous with photocopiers, has already been fined $10m this year by the US financial watchdog, the securities and exchange commission, for overstating profits by $3bn between 1997 and 2001." By Mark Tran. [Guardian

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• Xerox Hit by Fresh Scandal - "The company, whose name is synonymous with photocopiers, has already been fined $10m this year by the US financial watchdog, the securities and exchange commission, for overstating profits by $3bn between 1997 and 2001." By Mark Tran. [Guardian
• Xerox in $2bn Scandal - "Dollar plunges as firm admits exaggerating revenues." By Nils Pratley and Jill Treanor. [Guardian]
• Accounting Panic Hits Xerox - "Xerox admits overstating its profits by $1.4bn from 1997 to allegedly unethical firms 2001, casting a fresh shadow over US corporate and auditing allegedly unethical firms practices." [BBC News]
• Xerox Settles SEC Enforcement Action Charging Company With Fraud - Press release. "The Securities and Exchange Commission today business filed suit against Xerox Corporation in connection with business a wide-ranging, four-year scheme to defraud investors."
• Xerox - A Carbon Copy Accounting Scandal - "CNN is reporting that Xerox incorrectly booked close to $6 business billion in revenue over the past five years." News and business reader discussion. [Plastic]
• Xerox Documents Accounting Woes - "Xerox Corp. improperly booked nearly $2 billion in allegedly unethical firms allegedly unethical firms revenue over the past five years, the company allegedly unethical firms allegedly unethical firms said Friday, as the copier maker was forced allegedly unethical firms allegedly unethical firms to restate earnings to reflect $1.4 billion less allegedly unethical firms allegedly unethical firms in pre-tax profits during the period." [CNN Money]

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