BusinessCompany NewsGM to report ‘rectified’ accounts

GM to report 'rectified' accounts

Management in push to ready financials

Embattled motor group General Motors is reportedly aiming to file its 2005
annual report to the Securities & Exchange Commission by the end of the
week, after working frantically to fix accounting mistakes at its mortgage unit,
ResCap.

The Wall Street Journal’s website reports that GM’s management team
has spent more than a week gathering details on events that led to the discovery
of errors at ResCap.

These errors led to GM missing its filing date of 16 March.

Delays could have implications for GM’s bond offerings, which have already
been downgraded to junk bond status by leading credit rating agencies.

Related Articles

M&S business rate liabilities based on £570m rateable value

Company News M&S business rate liabilities based on £570m rateable value

5d Emma Smith, Managing Editor
BDO replaces Deloitte as Mitie auditor

Audit BDO replaces Deloitte as Mitie auditor

4m Emma Smith, Managing Editor
CVR Global appoints partner in London office

Company News CVR Global appoints partner in London office

8m Alia Shoaib, Reporter
FTSE100 failing to provide adequate ethics information

Company News FTSE100 failing to provide adequate ethics information

8m Alia Shoaib, Reporter
Moore Stephens recruits new private client partner

Accounting Firms Moore Stephens recruits new private client partner

11m Emma Smith, Managing Editor
Magma Group announces merger, partner promotions

Accounting Firms Magma Group announces merger, partner promotions

11m Emma Smith, Managing Editor
BDO on ‘recruitment spree’ with multiple partner appointments

Accounting Firms BDO on ‘recruitment spree’ with multiple partner appointments

11m Emma Smith, Managing Editor
Brand strength leads to fee income growth for RSM

Accounting Firms Brand strength leads to fee income growth for RSM

11m Emma Smith, Managing Editor