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With various checks and balances out now, you would think companies have a good idea of how their finances are in check. There's trouble brewing over at Broadcom, that semiconductor company and its going to cost them at least USD 1.5 billion. Apart from Broadcom, about 120 U.S. companies also face investigations by the Securities and Exchange Commission or Justice Department because they overstated their profits.

According to siliconvalley :

Broadcom warned investors Friday that its internal review of misdated stock options had uncovered deeper problems that will force it to recognize at least $1.5 billion in expenses -- double the Irvine company's original estimate in July. Broadcom stands apart, however, because the size and breadth of its errors have grown dramatically. The semiconductor maker said in July that it had understated its option expenses by an estimated $750 million and would restate records dating to 2000.