E-Speed admits accounting inaccuracies
24 Aug 2007
ISV E-Speed has admitted that its financial statements for the fiscal years ended 31 December, 1999 through 2006 and for the fiscal quarter ended 31 March, 2007 “should no longer be relied upon”.
The restatement relates to the firm’s previously disclosed evaluation of its accounting policy with respect to certain revenues and expenses related to a portion of the development of related party software covered under the company’s joint...
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