US execs slow to swear to accounting honesty
Executives in the US appear to be waiting until the last moment before they file sworn statements that their accounts are 'true and accurate'.
According to reports at the weekend just 120 of 745 of the US’s biggest companies have so far sworn to the honesty of their financial statements ahead of the Wednesday 14 August deadline.
Companies to have filed so far include Amazon, Chevron Texaco, Dow Jones, Federal Express and Starbucks.
The demand to make the sworn statements comes from the US financial watchdog the Securities and Exchange Commission and comes as part of huge effort to restore public confidence in accounting and equity markets.