R E L A T E D C O N T E N T
ADVERTISEMENT
GE warned over accounting practices
Judith Tydd,
Accountancy Age 08 Sep 2008
A member of the world's top ten global companies is being investigated by the
SEC
The US Securities and Exchange Commission (SEC) has issued a warning to
General Electric (GE) over certain elements of its accounting practices.
According to a report in
The
Daily Telegraph, the SEC has issued a 'Wells notice' against the
company, inferring it has the potential to bring 'a civil injunctive action
against GE for possible violations of the securities laws'.
The investigation is said to focus on the manner in which GE has accounted
for how it has hedged interest rate risk in relation to derivatives.
In addition, the way the company has previously presented its cash flows and
recognised revenues is also under the SEC microscope.
GE has confirmed receipt of the written notice, and disagrees with the SEC's
issuing of the Wells notice.
M A R K E T P L A C E
V-SOL: Supply Premium Vehicle Tracking Systems to MOD, TRansport for LONDON and EDF-CHANNEL RELEASE!
Expert Buyers is the UKs Leading No Savings No Fee IT Procurement Service. Claim your Free Audit Now
WAN based, automated, daily vulnerability assessments. Click here to try and request our whitepapers.
As recognised by the Accountancy Age Awards 2004, 2005 and 2006.
Online Time & Attendance Tracking
30 Day Free Trial ( $49 a year )
| Holden Jones Ltd
We are seeking an experienced individual to join this highly successful international organisation, taking responsibility for most aspects of its EMEA credit function. The majority of your role will be to support the Credit and ...
more > | WH Marks Sattin
Audit Partner - £90,000 ...
more > | Personnel 2000
Our client are a unique business offering a comprehensive range of integrated services leveraging a global network work of resources and knowledge. Personnel 2000 are recruiting for several Audit Senior positions through their client’s Caribbean ...
more > | Holden Jones Ltd
Global Company are offering an exciting opportunity to an ambitious and experienced Qualified Accountant. Based at their UK HQ in Newbury, the Commercial Finance Manager will have complete responsibility for a division of the business ...
more >
More
Jobs in Finance