Tyre company Goodyear will not be discplined by the Securities &
Exchange Commission over accounting issues that led the tiremaker to restate
past financial results, the company said in a statement.
The regulator will not recommend any enforcement action be taken against the
company, an apparent reversal on the SEC’s stance in August when it said such
action was possible, AP reported.
Accounting issues led Goodyear to restate financial results after it
disclosed problems in October 2003 with an SEC investigation launched a month
Goodyear, the US’s biggest tyre maker, announced in October 2003 that it
would restate financial results for the years ending 1998 through 2002 and for
the first and second quarters of 2003 with accounting problems attributed to a
system used to track the purchase of equipment for foreign factories.
Mark McMullen joins the private client services team from Smith & Williamson
Merger between Clear & Lane Chartered Accountants and Magma Chartered Accountants was finalised on 3 February
BDO has taken its new partner intake to 23 during the first half of its financial year, including the appointment of five partners in five weeks
The firm reports 7.6% global fee income growth for the year ending 31 December 2016