Wednesday, December 05, 2001

Amazon, part deux: the SEC yesterday made it clear that companies which practice pro forma accounting could be facing lawsuits and action from the agency. I don't know what took them so damn long, but this Seattle P-I article notes the obvious: is up at the top of the list of pro forma companies, and has been documented elsewhere in great detail Amazon has a tendency to use accounting that would look shady on a sunny day.

SEC issues warnings over pro forma accounting methods.