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(Image from article: "BofA bolsters compliance after $10.7 billion error")

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Accounting Topics

How Zynga, Facebook and Groupon's Go-To Auditor Rewrites Accounting Rules

This story appears in the May 7 edition of Forbes magazine on page 150. Zynga, Facebook and all use an independent auditor that is simultaneously inventing the rules for social media accounting. Somewhere, Arthur Andersen is shuddering.

 

7 Arrested in Olympus Accounting Cover-Up

Tsuyoshi Kikukawa, a former chairman and president of the company, was among those charged with falsifying financial statements.

 

BofA bolsters compliance after $10.7 billion error

BofA bolsters compliance after $10.7 billion error

Bank of America Corp is beefing up its internal accounting controls after it incorrectly classified as much as $10.7 billion in short-term lending and repurchase deals for mortgage securities as sales, according to a letter filed on Friday with U.S. securities regulators.

 

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