SEC Investigation Weighs On JDA Software
March 5, 2012 Alex Woodie
An investigation into the revenue-recognition accounting practices of JDA Software caused the software company to miss the deadline for the filing of its annual report last week. JDA received a note of non-compliance from NASDAQ, which gave the software company 60 days to file the report. JDA disclosed that it was the subject of an investigation by the Securities and Exchange Commission (SEC) in a press release about its fiscal 2011 and fourth quarter financial results, which it posted in on January 31. The company says the SEC’s corporation finance and enforcement divisions are looking into JDA’s revenue recognition and |