ProQuest to restate earnings for last 5 years

mdoneil writes "ProQuest a name with which anyone in an academic library is familiar is going to restate its earnings for the past 5 years do to some SarbOx irregularities. Someone has apparently been playing fast and loose with the books.

These new irregularities are in addition to the announcement made in February about the need to restate earnings. More information from Reuters

I'm glad their auditor is not the one that employs moi."


Can't help wondering how much this is related to the failure of aggregators to fulfil their royalties obligations (see the January 2007 edition of Editorial Eye). There's going to be a huge number of 'freelance' writers with more than a passing interest in this one - including all those LMS etc who've ever had an article published in a professional journal!