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The Securities and Exchange Commission has ended its investigation of Tyco International's accounting practices without taking action against the company, Tyco said yesterday.
[A1.] Tyco Says S.E.C. Inquiry Is Over The Securities and Exchange Commission has ended its investigation of Tyco International's accounting practices without taking action against the company, Tyco said.
On April 8, the maker of sign manufacturing systems said it resolved a U.S. Securities and Exchange Commission investigation over its accounting practices without paying any fines or penalties.
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Over the past few decades, accounting practices in the public sector have blindly followed practices in the private sector without any consideration of the differences between the two types of organisation and the relevance of the information provided.
Accounting practices vary greatly.
Halliburton has defended its accounting practices.
Some analysts and investors have questioned Tyco's accounting practices.
WorldCom now faces a Securities and Exchange Commission inquiry into its accounting practices.
"It shows real mismanagement in their accounting practices".
Computer Associates is facing criminal investigations of its accounting practices.
But the Securities and Exchange Commission is still investigating its accounting practices.
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