Well, as often happens, history repeats itself. GE's accountants ultimately found "misstatements and secret side deals, and more senior executives telling [staffers] to sign off on the books anyway." Further, the SEC states that GE executives failed to give relevant information to the auditors (although the company says it did so later on). Interestingly, links to what transpired at Enron are indicated, with accounting violations in a scheme to infl ate profi ts with fake sales.
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