超讯通信因未依法履行其他职责等违规行为被证监会责令改正

Core Viewpoint - The company, Supercom, has been ordered to rectify its information disclosure practices due to violations identified by the China Securities Regulatory Commission (CSRC) Guangdong Regulatory Bureau, including inaccurate revenue recognition and internal control deficiencies [1][2][3] Group 1: Revenue Recognition Issues - The company inaccurately recognized revenue for its customized computing server business using the gross method, while it should have been recognized as an agent under the net method, leading to discrepancies in financial reports for 2023 and 2024 [1] - In the first three quarters of 2024, the company failed to report revenue and profit accurately due to delays in entering delivery data into the system, violating accounting standards [1] Group 2: Internal Control Deficiencies - The company exhibited weaknesses in customer credit management, granting excessive credit limits to clients without proper assessment, resulting in lawsuits from suppliers and operational disruptions [2] - There were violations of incompatible duty separation controls, with employees providing services to certain suppliers, indicating a lack of effective internal control measures [2] Group 3: Regulatory Actions - The company has been subjected to administrative regulatory measures requiring rectification, and the executives involved have received warning letters as part of the regulatory response [3]