Английская Википедия:35 day month
Шаблон:Short description The "35 day month"[1][2] was the basis of "$2.2 billion in accounting fraud"[3][4][5][6] regarding "events regarding an accounting scandal that started in 2002"[3][7] at Computer Associates.
The company's "books were routinely kept open until revenues exceeded projected goals."[8] Specifics were described as "a scheme to inflate sales and profits by pretending lucrative contracts were signed earlier than, in fact, they had been.[9] To support this violation of law, faxes of contracts were "cleaned up ... by removing time stamps .."[10]
The most immediate impact was that it "cost investors hundreds of millions of dollars,"[8] although unlike the matters of Worldcom and Enron, to which it was compared, "Computer Associates - since renamed CA Inc - did not go bankrupt."[9] An overview by the Wharton School of the University of Pennsylvania wrote that corporate directors, upon seeing signs of "35-day month ... 'the three-day window ... (and) flash period" "should be especially vigilant."[11]
Named CA personnel
- Former CEO Sanjay Kumar (business executive), who served time and paid penalties[8]
- Former sales executive Stephen Richards (business executive)[6]
- Former CA general counsel Steven Woghin, sentenced to two years.[12]
Reporting at the time added "other former executives have been indicted or fired;"[6] "several... have pleaded guilty to criminal charges."[9]
References
- ↑ Шаблон:Cite news
- ↑ Шаблон:Cite web
- ↑ 3,0 3,1 Шаблон:Cite web
- ↑ Шаблон:Cite news
- ↑ Шаблон:Cite web
- ↑ 6,0 6,1 6,2 Шаблон:Cite news
- ↑ Started in 2002, prosecuted in 2006/"four-year investigation" (NYTimes)
- ↑ 8,0 8,1 8,2 Шаблон:Cite web
- ↑ 9,0 9,1 9,2 Шаблон:Cite web
- ↑ Шаблон:Cite news
- ↑ Шаблон:Cite web
- ↑ Шаблон:Cite news
