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Xerox Troubles

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Xerox Troubles

Xerox Troubles

Xerox Troubles

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  • <iframe src="https://www.npr.org/player/embed/1145787/145787" width="100%" height="290" frameborder="0" scrolling="no" title="NPR embedded audio player">

NPR'S Jackie Northam reports on Xerox's announcement today of a huge restatement of revenues and earnings. The company's accounting problems are not new. The Securities and Exchange Commission fined the company a record amount earlier this year after concluding the company had overstated its profits by $1.5 billion. Today, the company released a new audit that shows the SEC had it about right. NPR's Jackie Northam reports.