After Wells Fargo alerted him to account discrepancies, Mr. Zelner, a corporate lawyer, said he stormed onto the club's rolling greens in April, accusing the broker of theft.
Taking this into account discrepancies between proxy- and self-ratings were rather insiginficant for most scales.
The ripples from a minor accounting discrepancy show how shallow this confidence still is.
Parmalat, the bankrupt Italian food conglomerate, released figures on Monday that showed its debt to be eight times the amount reported in its financial statements, placing the company's accounting discrepancy at more than 12 billion euros ($15.1 billion).
According to Raju's letter, the trouble began years ago with a small accounting discrepancy, but as the company grew, so did the scale of the problem.
Especially given the current atmosphere in which any accounting discrepancy causes a huge overreaction and a call for someone's scalp.
The two brothers have blamed each other for the accounting discrepancies but say that their situation does not constitute criminal misconduct.
The Pirro brothers have blamed each other for the accounting discrepancies but say that their situation does not constitute criminal misconduct.
The market regulator said it would investigate that breach, as well as the latest accounting discrepancies, along with possible insider trading.
The Xerox Corporation, whose auditors had refused to sign off on its annual report until they had rechecked the numbers, said yesterday that the auditors, KPMG, found some accounting discrepancies but uncovered no signs of fraud.
