Case 1. The accounting fraud is Lernout and Hauspie Speech Products. To help you, please refer to SEC release 17782 dated October 10,2002
Case 2. The accounting fraud is Cal Micro Corp. To help you, please refer to SEC litigation release 14776 dated January 4, 1996.
Questions: 1) Issues to be discussed what was the specific GAAP violated? 2)What factor played a role in the occurrence of the fraud ?
