A former finance official for Nortel Networks Corp testified Monday the company made 'errors' in booking old accounting provisions as income as Crown prosecutors attempted to connect them to a plot from former top executives to manipulate earnings...
The use of accrued liabilities to pad earnings was a “legitimate” and standard practice at Nortel Networks Corp. in the early 2000s, and a process directly overseen by the company’s external auditors, Deloitte & Touche LLC, a Toronto...
GREENWOOD, IN -- (Marketwire) -- 03/28/12 -- From home appliances, to energy efficiency to air filters -- sustainability matters. As businesses and homeowners gradually shift to more eco-friendly practices and products, the early steps and small
A surprise profit generated by the end of the fourth quarter in 2002 resulted in a last-minute call to the finance heads of Nortel Networks Corp. business units to come up with more accounting provisions that could claw back earnings, a Toronto...