Shakeup at Speech Recognition Software Leader

Soon, the name of one of the most popular speech recognition software providers may be changed due to the resignation of the company's namesakes.

An SEC investigation into financial statement irregularities related to licensing issues in Europe have forced Jo Lernout and Pol Hauspie, co-chairs of Lernout & Hauspie, to resign their positions. They will be replaced by Roel Pieper, formerly the head of Tandem Computers Inc. The company's auditor, KPMG-Belgium, was unavailable for comment.

Although it is not yet known how the vacancies of the two chairs will affect the company's products, L&H will continue to operate provided it can properly maintain enough credit. The company's stock has fallen 95 percent since its high last March

The latest and most popular product of L&H is "Now You're Talking." With this product and its Dragon and Dictaphone lines, the company, until now, has maintained a solid market share among voice recognition software companies.

You may like these other stories...

Regulatory compliance, risk management and cost-cutting are the big heartburn issues for finance execs in the C-suite. Yet financial planning and analysis—a key antacid—is insufficient.That's just one of the...
Continuing its efforts to simplify accounting procedures, the FASB has issued a proposed Accounting Standards Update on customer fees paid in a cloud computing arrangement. The newly-proposed update (Intangibles—...
How are you planning? What tools do you use (or fail to use) for forecasting? PlanGuru is a business budgeting, forecasting, and performance review software company based in White Plains, N.Y. AccountingWEB recently spoke...

Already a member? log in here.

Upcoming CPE Webinars

Sep 9
In this session we'll discuss the types of technologies and their uses in a small accounting firm office.
Sep 10
Transfer your knowledge and experience to prepare your team for the challenges and opportunities of an accounting career.
Sep 11
This webcast will include discussions of commonly-applicable Clarified Auditing Standards for audits of non-public, non-governmental entities.
Sep 24
In this jam-packed presentation Excel expert David Ringstrom, CPA will give you a crash-course in creating spreadsheet-based dashboards. A dashboard condenses large amounts of data into a compact space, yet enables the end user to easily drill down into details when warranted.