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Biomet, a maker of orthopedic devices, will restate financial statements for 2006 because of improper accounting of stock-option grants.
It was not the backdating that was against the law, but the improper accounting of it that was illegal.
Early this year, he approved a $3 million agreement between the S.E.C. and Vitesse Semiconductor over the improper accounting of revenue and the backdating of stock options.
SoundExchange, whose suit accused Sirius XM of improper accounting of royalties, estimated that oldies make up 10 to 15 percent of all the airplay on the satellite service.
Once the money is traced, the next step is to determine who was responsible for any misuse or improper accounting of the money.
Qwest has said that the 2001 quarter's revenue were inflated by improper accounting of sales of capacity on its optical network.
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Because of an editing error, an article in Business Day yesterday about the investigation of American International Group, the insurance giant, referred incorrectly to the company's estimate of the impact of improper accounting on certain transactions.
"The company did not have in place sufficient checks to prevent the improper accounting machinations of the company's management".
Within weeks, Enron was forced to acknowledge that improper accounting, much of it related to the partnerships, had resulted in overstating its earnings by almost $600 million over five years.
But the company faces many of the same accusations as Enron, including charges of improper accounting and the enrichment of executives as other employees lost millions.
Catterton's spokeswoman said it became aware of the allegations of improper accounting in the "second half" of July and "was not involved in any wrongdoing".
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