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Effective Dec. 26, 2012, the California Board of Accountancy has taken the certified public accountant license of Daniel Stulac, who now lives in Racine, Wisconsin. In February of 2003, Peregrine Systems restated $509 million of revenue that it had improperly recorded. In subsequent criminal cases, some of the officers were indicted, convicted, and went to prison. Stulac managed the Peregrine account for then-extant accounting firm Arthur Andersen, and knew the revenues were improperly recorded, according to the board. In 2010, he had been suspended from appearing before the Securities and Exchange Commission.
Effective Dec. 26, 2012, the California Board of Accountancy has taken the certified public accountant license of Daniel Stulac, who now lives in Racine, Wisconsin. In February of 2003, Peregrine Systems restated $509 million of revenue that it had improperly recorded. In subsequent criminal cases, some of the officers were indicted, convicted, and went to prison. Stulac managed the Peregrine account for then-extant accounting firm Arthur Andersen, and knew the revenues were improperly recorded, according to the board. In 2010, he had been suspended from appearing before the Securities and Exchange Commission.