The Dilemma Facing Overstock.com's New Auditors - trackseekingalpha

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The Dilemma Facing Overstock.com's New Auditors
Oct 27, 2009 06:43 AM UTC

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Via Short Stock Ideas from Seeking Alpha:

Apparently, Overstock.com (NASDAQ: OSTK) is going to stubbornly tough it out and force the Securities and Exchange Commission to take enforcement action to make its financial reports comply with Generally Accepted Accounting Principles (GAAP). The SEC re-opened its investigation of Overstock.com in response to a series of investigative reports by this blog documenting continuing GAAP violations by the company and other false and misleading representations to investors by its management team, led by CEO Patrick M. Byrne.

Flawed financial reports incorporated in new registration statement

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