Fannie Mae overseer to present report criticizing accounting: probe points to decisions to smooth out earnings, possibly increase bonuses
Article Abstract:
Federal regulators will present a report which criticizes the accounting practices at Fannie Mae. They found evidence of decisions made by company executives which were taken with a view toward manipulating earnings to present a more consistent performance.
Publisher: Dow Jones Publishing Co. (Europe)
Publication Name: Wall Street Journal. Europe
Subject: Business, international
ISSN: 0921-9986
Year: 2004
Investigations, Accounting procedures
Publication Name: Wall Street Journal. Europe
Subject: Business, international
ISSN: 0921-9986
Year: 2004
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Mae Day: Fannie's now at mercy of outsiders: board's independent directors take the lead with regulators; some have their own conflicts?
Article Abstract:
As Fannie Mae prepares to respond to allegations of improper accounting, it has relinquished control to eight outside directors.
Publisher: Dow Jones Publishing Co. (Europe)
Publication Name: Wall Street Journal. Europe
Subject: Business, international
ISSN: 0921-9986
Year: 2004
Management dynamics, Legal/Government Regulation, Management, Cases, Company business management
Publication Name: Wall Street Journal. Europe
Subject: Business, international
ISSN: 0921-9986
Year: 2004
User Contributions:
Comment about this article or add new information about this topic:
Subjects list: United States, Company legal issue, FNM, Mortgage banks, Federal National Mortgage Association
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