Machine learning software provider conducts internal investigation related to alleged revenue recognition improprieties

Client(s) Machine learning software provider

Jones Day represented a publicly trading machine learning software provider in an internal investigation following whistleblower allegations that its sales force in its EMEA and APAC regions had violated revenue recognition rules by providing its customers with side agreements related to the sale of its software products. The investigation concluded with findings of no violations of any GAAP standard and no need to restate the client's financial statements.