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Nortel, based in Brampton, Ontario, is restating its results because of accounting errors.
Two days earlier, KIT said it would restate its financial results because of accounting errors.
Mr. Tolley is the former chief financial officer of the Chesapeake Corporation, which reduced 2000 earnings by $5.4 million because of accounting errors.
The Visteon Corporation, an auto parts maker, said yesterday that it would delay its regulatory filing for the first quarter because of accounting errors.
The vote came a day after Visteon said it would delay filing a quarterly report because of accounting errors, prompting Moody's and Standard & Poor's to cut Visteon's debt ratings.
Allegheny Energy Inc., the owner of utilities in five states, said it would not meet a March 31 deadline to file its annual report with securities regulators because of accounting errors.
Similar(44)
His were not the equivalent of accounting errors.
It announced that it needed to correct a series of accounting errors.
Yes, accounting errors were made.
And then there were accounting errors that led to an earnings restatement, missed deadlines in filing reports to the Securities and Exchange Commission, and the hurried renegotiation of some loan terms because of those delays.
Reliant Resources fell $1.87, to $11.95, after it said that it was restating earnings for the second and third quarters of 2001 and postponing the release of its fourth-quarter results because of internal accounting errors with certain gas and power transactions.
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