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Sentiment is growing, however, that senior executives should be held accountable when improper accounting is disclosed, no matter how little they knew about the company's operations.
It concluded that GE, "acting primarily through senior corporate accountants, made a number of improper accounting decisions which resulted in its reporting materially false or misleading results".
The company has acknowledged improper accounting.
Delphi is being investigated by the S.E.C. for improper accounting.
Accusations of improper accounting are not new for either company.
The company faced complaints of bid-rigging and improper accounting.
The S.E.C.'s complaint provided extensive detail on Mr. Greenberg's involvement in "numerous improper accounting transactions".
Maverick sued Warner the next day in California, accusing it of fraud and improper accounting.
Mattel hired Mr. Lynch to investigate allegations of improper accounting in 1996.
One woman at Enron warned the brass about improper accounting; another complained of document-shredding.
The improper accounting inflated Fannie Mae's reported profit for 2004 and prior years by $6.3 billion.
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