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IT

Symantec to restate USD 13 mln in revenue after completing accounting probe

Monday 24 September 2018 | 16:06 CET | News
Symantec said its Audit Committee has completed the internal investigation into the company's accounting practices started in May. The main finding was a contract recognsied as revenue in the fiscal Q4 to March will need to be restated mainly as deferred revenue. After finding several shortcomings in implementation of the company code of conduct, the company has also adopted a number of recommended governance changes, such as appointing chief accounting and compliance officers and revising the code of conduct. 

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Categories: Internet / IT
Companies: Symantec
Countries: World
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