1.   Short sellers, who profit when stocks fall, and some analysts contend that Tyco uses deceptive accounting to inflate its reported growth and profits.

2.   They pointed out that most institutional investors were hoodwinked by WorldCom and Enron with deceptive accounting.

3.   Watkins said she thought Lay had been duped and failed to comprehend the full implications of the deceptive accounting she outlined for him in their August meeting.

4.   Since the bankruptcy filing, the company and its top executives have been besieged by charges of deceptive accounting.