As regulators declare war on crooked accounting, the art of "cooking the books" still appears to be rampant in corporate America - especially among high-tech companies that live and die by their stock prices.
"Accounting fraud may be the crime of the 21st century," said David Elzinger, a forensic accountant at Lindquist Avey, a corporate intelligence firm in Vancouver, B.C., that has many Silicon Valley clients. "It's widespread and appears to be growing."http://www.sfgate.com/business...-rampant-3306943.php
We were warned over a decade ago.