Die Prüfer haben glatt 110 Mio $ "übersehen"!....
biz.yahoo.com/rf/011212/n12305302_1.html
BOSTON, Dec 12 (Reuters) - Internet firm CMGI Inc. (NasdaqNM:CMGI - news). on Wednesday said it has no plans to change its independent auditor after KPMG LLP failed to catch $110 million worth of math errors on CMGI's 2001 annual report.
The tax and auditing firm, which billed CMGI nearly $4 million for its services in fiscal 2001, signed off on financial statements that understated CMGI's fiscal 2001 net loss by $110.3 million. CMGI restated its financial results on Wednesday in filings with the U.S. Securities and Exchange Commission.
``It's a mathematical error,'' CMGI spokeswoman Deidre Moore said. ``The auditors did not catch it.''
She said CMGI has no plans to change its outside auditor. The company also declined to comment on who made the mistake, which originated within CMGI.
Citing client confidentiality, KPMG declined to comment.
The net effect of the corrections increased CMGI's 2001 net loss by 2 percent to $5.49 billion. KPMG signed off on CMGI's annual report on Sept. 25, but the mistakes were not discovered until last week.
``We caught the error internally as part of our first quarter close,'' George McMillan, CMGI Chief Financial Officer, told Reuters. ``We immediately brought this to the attention of our auditors.''
Andover, Massachusetts-based CMGI disclosed the calculation errors on Tuesday when it reported its fiscal first-quarter financial results. The errors happened when CMGI recorded
impairment and amortization charges primarily from CMGI-owned subsidiaries Engage Inc. and search engine AltaVista Co.
The miscalculations affected CMGI's quarterly financial statements during the second, third and fourth quarters, McMillan said. The errors did not reflect any change Du Du
