Re: Sarbanes-Oxley again

"Brian Evans" <NOSPAM@xxxxxxxxxx> wrote in message
news:46351bf4$1@xxxxxxxxxxxxxxxxxxxxxxxxx
Herbert Sitz wrote:

By the way, that certain actions might have an effect on revenue
recognition
would not be a penalty at all, it would just be a standard of accounting
that is supposedly designed to better reflect the actual financial
operations of a company. If it's a stupid revenue recognition rule then
it
may do a bad job of that. A company may think it affects their
financial
reporting in a negative way. But it would be wrong to characterize
rules of
revenue recognition as somehow being a "penalty", even if they're stupid
rules.


Shady accounting of revenues to deceive share holders is one of the
things SOX was meant to put an end to. And there are criminal sanctions
in there. It's also vague and detailed enough to be unintelligible
for mere mortals in my opinion. That means for anything that might have
an effect on revenue accounting you want a fairly positive assurance
that it's legal.


I'll say again: As far as I know nobody from CodeGear has ever suggested
that publishing a roadmap would be a crime, or even that it would be illegal
and give rise to fines. The only suggestion is that if you publish a
roadmap you have to recognize revenue in a way CodeGear would prefer not to.

Have you heard of FUD? That's exactly what most of this SOX stuff thrown
about in this newsgroup is.

-- Herb Sitz


.

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