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"We made a professional judgment about the appropriate accounting treatment that turned out to be wrong," Mr. Berardino said.
Pricewaterhouse said Thursday that it had applied appropriate accounting standards to Satyam's books and would cooperate with regulators.
The practice may defraud shareholders, as well as altering the appropriate accounting and tax treatment of the option grants.
"We are making real and substantial progress on both reforming our trust management practices and on moving forward with an appropriate accounting," Ms. Norton wrote.
Responding for the first time to accusations of fraud, the Olympus Corporation said that acquisition fees paid to unidentified advisers amounting to 30 billion yen ($391 million) were not excessive and followed "appropriate" accounting procedures.
And their oversight "does not provide an independent basis to determine that management has maintained appropriate accounting and financial reporting principles or appropriate internal controls and procedures".And so on.
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The funds can then be automatically deducted from the appropriate account when a payment message is received.
Barclays is considering with Care International whether they can devise more appropriate accounts for the very poorest as part of the NGO's ambitious financial services programme, Access Africa.
In determining the size, pace and composition of its asset purchases, the committee will, as always, take appropriate account of the likely efficacy and costs of such purchases.
He said: "There is a difficult balance to be struck between meeting that objective and taking appropriate account of shareholder and public concern in the UK about the level of executive pay.
"This would involve a fundamental shift in the way UK broadcasting is regulated, away from the current framework which is designed to take appropriate account of the right to freedom of expression".
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com