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The results were based on accounting methods Xerox has discontinued.
Via their financial market regulators they must demand transparent accounting methods and prudent lending criteria from financial institutions.
-- Financial data transmission systems and accounting methods.
Prudent accounting, accurately applied, would limit the amount that must be counted against the nation's overall debt ceiling.
Fannie Mae has said that its accounting methods are proper.
Tyco plans to use more conservative accounting methods, Mr. Breen said.
The bank's analyst Robert Muir said: "Balfour offers the relative attractions of a legacy of prudent accounting, and strict selectivity on new projects.
The IRS authorizes a variety of accounting methods for calculating gains and losses in taxable accounts.
But, for forecasting NPLs the accounting method is excessively liberal.
Individuals can change their accounting method from year to year.
In the United States, cash deals must be accounted for through the purchase-accounting method.
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