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Technology Stocks : Broadcom (BRCM)
BRCM 54.670.0%Feb 9 4:00 PM EST
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To: Wyätt Gwyön who wrote (5740)3/16/2001 5:56:27 PM
From: Stoctrash  Read Replies (1) of 6531
 
"In the past few years, questionable accounting techniques -- such as so-called "cookie-jar reserves" and "big-bath" restructuring charges -- have come under increased scrutiny by the SEC.

Last year the agency brought more than 100 enforcement actions against companies accusing them of financial fraud -- a 10 percent increase over 1999.

And the questionable practices have burned investors. The SEC estimates investors have lost more than $80 million over the past eight years, as measured by declining market value of companies embroiled in financial fraud.

Revenue recognition No. 1 concern

Of chief concern to the SEC is revenue recognition, an area where the agency has stepped up its interpretative guidance in an effort to avoid conflicting interpretations among accounting professionals.

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