Sentence examples for faulty accounting from inspiring English sources

C1 Xerox Under Fire Analysts and management experts say the beleaguered company should have done more about accusations of faulty accounting practices.

An internal investigation discovered that the faulty accounting would have overstated the company's income by $30 million in 1999, and $10 million in 2000, the company said.

Neither he nor his firm will represent movie studios — relieving him and his firm of a duty to solicit conflict-of-interest waivers when they pursue companies for faulty accounting or other claims.

The S.E.C. said Richard L. Measelle, when he was the firm's managing partner, had concurred in the decision not to force Waste Management to correct faulty accounting that Andersen's auditors had uncovered.

WASHINGTON, March 26 (AP) — Federal regulators censured the accounting firm Ernst & Young on Monday and ordered it to pay $1.6 million to settle charges that it compromised its independence and contributed to faulty accounting by a client in 2001.

In Texas alone, at least four of the state's 13 temples have lost money to theft, embezzlement and faulty accounting over the last five years, according to several Shriners there.

The historic cost of employee stock options, for instance, is zero.Fair value is perhaps most worrying for auditors, who are often blamed for faulty accounts.

Jeff Horwitz at the financial daily American Banker this week exposed J.P. Morgan Chase's credit card services division, reporting that it "took procedural shortcuts and used faulty account records in suing tens of thousands of delinquent credit card borrowers for at least two years," sparking an investigation by the Office of the Comptroller of the Currency.

Harder said the Times story is "saturated with false and defamatory statements" and it "relies on mostly hearsay accounts and a faulty report". .

"It relies on mostly hearsay accounts and a faulty report, apparently stolen from an employee personnel file, which has been debunked by 9 different eyewitnesses," Harder, best known for representing Hulk Hogan in the lawsuit that bankrupted Gawker, explained in an email to the publication.

Officials at the White House and Treasury criticized S.& P.'s move as based on faulty budget accounting that did not factor in the just-enacted deal for increasing the debt limit.