The SEC appears to have taken a dim view of VMware breaking financial reporting rules and moving revenues between quarters.

Andy Watkin-Child
September 13, 2022
Governance & ESG, Regulation & Compliance

The SEC appears to have taken a dim view of VMware breaking financial reporting rules and moving revenues between quarters. By what appears to be controlling the timing of its revenue recognition by placing discretionary holds on selected sales orders. Charging VMware with misleading investors by obscuring financial performance. (https://lnkd.in/ejhwp-KE)

Providing investors with incorrect information on Quarterly sales.

Ted Dziekanowski

#regulation #governance #financialreporting #fraud

View Original Post
https://www.linkedin.com/feed/update/urn%3Ali%3Ashare%3A6975342389309628416

The SEC appears to have taken a dim view of VMware breaking financial reporting rules and moving revenues between quarters.

Categories

Tags

The UK Government, specifically the House of Lords, is making amendments to the UK’s Cyber Resilience Bill that are slowly pushing it towards…

The old ones are still effective and with the advent of AI, easier to automate.

Cyber attacks against the CNI sector are increasing.

All UK Critical National Infrastructure is at risk from cyber attacks.

The report from CyberSheath highlights what many in the Defense industry know: CMMC compliance of the US National Defense Industrial Base is not…