Corel replaces auditor after KPMG resignation

Article Abstract:

Corel Corp., a software maker, has tapped the services of PricewaterhouseCoopers to serve as its new auditor following the decision of KPMG to quit on Oct. 23, 1998. KPMG was asked by Corel's board of directors on Sep. 30, 1998, to hand its resignation. Although two has worked for 10 years now, KPMG and Corel had differed over Corel's January 1998 announcement to restate its previous three quarters, with revenue reductions reaching US$34 million. Corel is currently facing an investor lawsuit that alleges the firm disseminated false information to boost its share price.

Comment:

Is hired by Corel Corp to be the latter's new auditor following the decision of KPMG to quit on 10/23/98

Computer Software, Software Publishers, Use of services, New orders received, Accounting & Auditing Services, Accounting, Tax Preparation, Bookkeeping, and Payroll Services, Ontario, Software, PricewaterhouseCoopers L.L.P. (New York, New York), Article

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No more flamboyance as Corel opts for discipline

Article Abstract:

Dave Dobson, chief executive officer, Corel Corporation discusses the role of financial discipline in making the company more profitable.

Canada, Prepackaged software, Financial management, Executive changes & profiles, Regulation, Licensing, and Inspection of Miscellaneous Commercial Sectors, Reporting & Disclosure, Financial Regulation & Reporting, Analysis, Officials and employees, Computer software industry, Software industry, Finance, Beliefs, opinions and attitudes, CORL, Company financing, Financial disclosure, Dobson, Dave

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