Cognos Emerges Unscathed From SEC Review

Law360, New York (July 21, 2006, 12:00 AM EDT) -- The U.S. Securities and Exchange Commission has wrapped up an investigation into revenue allocation at Canada’s largest software company, concluding that that Cognos Inc.'s revenue recognition policy does not violate SEC rules.

With the SEC probe behind it, the company is looking forward to concentrating on business issues.

“Certainly, it allows us to focus on moving our business forward,” said Cognos Inc. spokesperson Sean Reid.

Reid echoed the sentiments of Cognos’ president and chief executive officer, Rob Ashe, who said the termination of the SEC investigation...
To view the full article, register now.

UK Financial Services

UK Financial Services

Read Our Latest UK Financial Services Coverage

Financial Services Law360 UK provides breaking news and analysis on the financial sector. Coverage includes UK and European Union policy, enforcement, and litigation involving banks, asset management firms, and other financial services organizations.