According to USA Today, the DoJ is investigating the company following a story in the Washington Post which raised questions about the way America Online had booked online ad revenue.
Last week, AOL Time Warner admitted that the Securities & Exchange Commission was looking into certain transactions at the company’s internet division.
The company also says, in a prepared statement that if the Justice Department wants to look at the facts the company will cooperate.
The Justice Department wants to restore confidence in U.S. financial markets, which have been shaken by high-profile accounting scandals.
In its statement, AOL said its accounting was appropriate and in accordance with generally accepted accounting principles.
Does Darwin's theory apply to taxation? Colin ponders...
The EC has been instructed to draft a European Union (EU) directive authorising an EU financial transaction tax, which would apply to ten of the EU’s 28 member states
Accountancy watchdog the FRC has dropped its investigation into the former chief financial officer of Tesco, nearly two years after the supermarket was engulfed in an accounting scandal
Colin imagines how Apple's logo might change in the wake of the EC's ruling over its Irish tax arrangements