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It was not clear what penalties would apply to corporate officials who verify financial statements if those statements prove false later on.
The S.E.C. began investigating Longtop Financial Technologies of China for accounting fraud earlier this year after Deloitte's Chinese affiliate resigned as its auditor because of significant problems in verifying its financial statement.
A government's financial statements also include a statement of financial position (i.e. a balance sheet).
Statement: "The financial position has improved by £1m from the previous month's forecast and this encouraging progress is welcomed.
Statement of financial position or balance sheet.
To answer this question, publicly owned companies accompany their financial statements with statements of changes in financial position.
OPERATING EXPENSE LOWER Company's Statement Shows Strong Financial Position and Important Improvements.
He was also found guilty of "issuing false or misleading" information in two statements on VU's financial position.
At the moment, the most current financial statement reflects a building's financial position as of December 2010.
Statement: "The Month Eleven [February] financial position of the health board is a deficit of £1.4m, which demonstrates continued progress towards a break even position in line with health board plans.
In a statement to the High Court, Sir Philip said: "Scot explained his financial position to me and explained the problems he was having.
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