Unformatted text preview: U.S. attorney's office, but expects any investigation to focus on possible criminal allegations related to past accounting practices. The initial SEC probe into Xerox's accounting practices began in June 2000. This past April, Xerox paid a civil penalty of $10 million and restated some of its financial results dating back to 1997 as part of the settlement with the SEC's Division of Enforcement (see story) . In June, Xerox restated its income, reducing it by $1.4 billion for 1997 through 2001 due to accounting irregularities (see story) . Xerox is one of a growing list of companies in recent months to restate its financial results as a result of irregularities....
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- Fall '05
- Finance, Connecticut, Supreme Court of the United States, United States Department of Justice, Xerox Corp., Stamford, Connecticut