• Investigating Weaknesses in Internal Financial Reporting Controls
  • January 20, 2006 | Author: Jason M. Powers
  • Law Firm: Vinson & Elkins LLP - Houston Office
  • The call comes in on the company ethics line shortly after the year-end results are announced. A salesperson at an underperforming business unit reports that his boss closed a large sales contract on the last day of the year -- with a customer who had definitively declined to make a purchase just a week earlier. The salesperson also observes that several customers have been waiting for overdue product return credits.