http://www.co.uk/v3-uk/news/1992960/syabase-restate-following-japanese-accounting-scandal
Another database corporation encountered the same problem of overstatement like Informix. Syabase was exposed by a year end audit by Ernst and Young. They discovered an irregular cash account at the end of the third quarter that takes the company's financial fourth quarter below $60 million to $65 million. Unlike the Informix scandal with a worldwide affect, the Syabase scandal affects only the Japan branch of the company. Chief executive Mitchell Kertzman states," I am angry, I am so pissed off by this. Syabase has always takes a leadership position in shaping the software's industry's revenue recognition practices." Kertzman's statement shows his desire toward truth and honesty.
