On October 30, 2018, Reuters published an online article titled General Electric reveals deeper regulatory probe, restructuring.
In the section titled INVESTIGATION DEEPENS, the article reported:
GE has said it learned of regulatory scrutiny last November, when the SEC said it was investigating GE’s accounting for long-term service agreements.
And while an investigation does not mean proven guilt, accounting for long-term service contracts has been the subject of the 2014 issuance of new US and International Accounting Standards.
To read the complete article, click here >>>
About Middlesex Consulting
Middlesex Consulting is an experienced team of professionals with the primary goal of helping capital equipment companies create more value for their clients and stakeholders. Middlesex Consulting continues to provide superior solutions to meet the needs of its clients by focusing on our strengths in Services, Manufacturing, Customer Experience, and Engineering. If you want to learn more about how we can help your organization create more value for your customers, please contact us or check out some of our free articles and white papers here.