Guess who else had bad accounting practices?

Report questions AOL's sales figures

This would apparently go back to before the Time Warner merger. So the stock TW was bought with was doubly inflated. And, I'd bet, would make things very interesting if TW stockholders wanted to sue. Considering AOL's current stock price, I wouldn't be surprised if they were.

Amazingly, AOL's outside auditor was not Arthur Andersen, but Ernst & Young.