From: John Cuccia 

On Sun, 4 Jun 2006 09:45:52 +0200, "Phil Payne"
 wrote:

>> http://www.mindfully.org/Industry/WorldCom-Another-$3_8B9aug02.htm
>>
>> WorldCom Inc.'s internal auditors have uncovered an additional $3.8
>billion
>> in improper accounting, deepening the company's already severe financial
>> crisis and doubling the amount of its known accounting errors to more than
>> $7.6 billion over the past two years.
>
>They're far from alone.  I would cite Computer Associate's use of its
>deferred revenue account (but it's actually a Swiss company) and even IBM
>back in the late 1980s.

Don't forget Shell's gross overreporting of oil reserves.  Other instances
of particular ploy have come to light recently also.

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