Tier Technologies Inc. is being investigated by the Philadelphia office of the Securities & Exchange Commission.
Last May, the Reston, Va.-based company received a subpoena requesting documents "related to financial reporting and personnel issues," the company said today in a filing with the SEC.
Tier Technologies, which offers business and financial processing software, said it's fully cooperating with the investigation. Last year, the company restated results from the 2002, 2003 and 2004 fiscal years after finding accounting errors. -- Jonathan Berr
