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Resource ID: #18098
Subject: Business
Source: Wall Street Journal (New York)
Affiliation: 
Date: 28-Jun

Description

A Wall Street Journal investigation delves into the bookkeeping scandal at Xerox and finds that it resulted from "growing pressure to compensate for the poor results with accounting gimmickry." The story examines the role of James F. Bingham, the assistant treasurer at the company, who has been fired for "badgering top Xerox executives about the aggressive accounting..." The reporter looks at the Security and Exchange Commission probe into the case, and describes the circumstances surrounding a lawsuit filed by Bingham, "accusing Xerox of firing him for objecting to "accounting fraud."

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