2005 | Case No. E310
Tim Wollaeger, Chairman of Solcam Corporation, a provider of medical diagnostic imaging products and services, shut the door to his office to get a few minutes of privacy. He had just wrapped up a call with Philip Duster, an audit partner with Thompson & Thompson (T&T) who was responsible for the Solcam account. Because of a revenue recognition issue just recently brought to his attention, Duster was threatening to cut the company off as a T&T audit client and to inform the SEC of his decision unless Wollaeger took immediate action. After hanging up the phone, the Chairman took a deep breath and then sat at his desk to think through his options.
This material is designated for use in specific Stanford GSB classes only. For inquiries, contact the Case Writing Office.