(Reuters) WASHINGTON - The U.S. Securities and Exchange Commission plans to release this month a long-awaited report on off-balance-sheet accounting of the sort that featured in the Enron Corp. collapse and other recent corporate scandals, said a top SEC official Tuesday.
“The month of May is when we will actually release that report” on special purpose entities, off-balance-sheet liabilities and related matters, said SEC Chief Accountant Donald Nicolaisen.
“We’re also raising questions about some very old accounting matters” including leasing and pension accounting, Nicolaisen said in remarks to a group of actuaries at a conference.
Lindsey O'Neill is the Director of Legal Content and Strategic Development at LawInfo.com. Ms. O'Neill is a California licensed attorney based in La Jolla and experienced in a wide variety of legal and business matters.
394 responses so far ↓
There are no comments yet. Fill out the form below to post a comment.
Leave a Comment