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Report: Microsoft Accounting Eyed | |
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| Time: 12:26 EST/17:26 GMT | News Source: Associated Press | Posted By: Byron Hinson | ||
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Microsoft Corp. is negotiating with the Securities and Exchange Commission over accusations that the software giant misrepresented its financial performance, The Wall Street Journal reported Thursday. Quoting unnamed sources, the newspaper said that rather than imposing fines, the SEC is likely to bring civil charges that Microsoft, based in suburban Redmond, failed to keep accurate books and records. A common resolution in such cases is for a company to promise to follow SEC rules in the future. | ||
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