Autodesk Executives Overlook Accounting Risks, Internal Documents Reveal

Reported about 2 months ago

Internal documents indicate that Autodesk Inc. continued a controversial sales strategy despite pledging to stop and ignoring warnings about associated risks. The engineering software company offered discounts to certain clients who paid upfront for multi-year contracts, raising concerns among employees about long-term revenue implications and financial modeling accuracy. This practice persisted even after an internal review and resulted in executive changes, including the replacement of its CFO amid an ongoing accounting probe.

Source: YAHOO

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