SEC makes no judgement yet on pension accounting

Newswire

LIVONIA, Mich., Oct 29 (Reuters) - The U.S. Securities and Exchange Commission is probing whether companies are fraudulently inflating earnings through their corporate accounting for pension and health care costs, but has made no judgment yet, the head of the agency said on Friday. Chairman William Donaldson said requests for accounting information from six major U.S. companies carry "no insinuation" of malfeasance or wrongdoing. "I emphasize that we are not making a judgment here," ...

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