False Revenue in the books is an ongoing risk

Recently shares of chipmaker Marvell plummeted on Friday after the company said it was unable to file its quarterly earnings results on time, but that it expected to post a whopping $382.4m net loss. As per Marvell’s SEC filing Audit Committee of the Company’s Board of Directors is conducting an independent investigation to review certain revenue recognition issues in the second quarter of fiscal 2016 and any associated issues with whether senior management’s operating style during the period resulted in an open flow of information and communication to set an…

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