Apple Might Have to Restate Earnings…

According to the story posted at eWeek, Apple Computer is likely to restate earnings because they’ve uncovered some more accounting irregularities.  They’ve even suggested that any reports they’ve provided since 2002 are suspect.

Yow.

I’m going to have to do some research to see how frequent this sort of thing is with major companies, because it seems that is should take you less than 4 years to notice “irregularities” in your accounting practices, especially if they are significant enough to cause your earnings to be restated…

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