Xerox accounting irregularities

NYT: Xerox to Restate $1.9 Billion in Revenue. “Accounting manipulations by Xerox had “enormous impact” on its reported financial performance, the SEC said in April. The agency also alleged Xerox’s senior executives quashed objections auditor KPMG LLP. At the same time, the executives were making millions of dollars in bonuses and sales of personal stock at inflated prices resulting from the fraud.”