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Microcap & Penny Stocks : Zia Sun(zsun)
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To: Frank_Ching who wrote (5824)11/18/1999 11:21:00 PM
From: StockDung  Read Replies (1) of 10354
 
SEC expresses concern over bookeeping practices of internet companies.

In a bid to stop Internet companies from overstating their numbers,
the Securities and Exchange Commission has asked U.S. accounting rule
makers to tighten standards governing the way Internet companies book
their revenue. For some time now, agency officials have been growing
increasingly worried that Internet companies in particular, many of
which are operating at a loss, are playing fast and loose with the
rules.

full story at: zdnet.com.

Time for a new CFO! ROFL!!
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