Oracle says it didn’t ask employee to cook cloud accounts

Oracle has denied in a California federal court charges leveled by a former manager that she was sacked after she refused to cook accounts in the company’s cloud business and threatened to blow the whistle on the accounting practices.

The software and cloud computing giant appears to be fleshing out its original stand that the employee had been terminated for poor performance and not as a whistleblower, which would give her a number of protections under securities laws.

In a filing in June in the U.S. District Court for the Northern District of California, Svetlana Blackburn, a senior finance manager for North America SaaS/Cloud Revenue, alleged that her superiors had instructed her “to add millions of dollars in accruals to financial reports, with no concrete or foreseeable billing to support the numbers,” an act that she had warned was improper and suspect accounting.

To read this article in full or to leave a comment, please click here

from InfoWorld Cloud Computing http://ift.tt/2aVpU27
via IFTTT

Advertisements