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8/15/2002
If about 440
publicly traded companies who filed certificates
signed by their top executives on August 14 backing up the accuracy of their
financial reports filed with the government, does that accuracy include
their financial environmental accounting audits as mandated under SEC Regulation
S-K?
I understand penalties for failing to file the certificate are generally at
the SEC's discretion and range from nothing to fines, but certifying false
earnings reports could subject executives to criminal penalties.
Does filing false significant environmental
material expenses (ie.departing from filing EPA and state DEP fines over
$100,000) also warrant criminal penalties for those executives who
have signed certificates of financial accounting accuracy?
Best Wishes,
Donald Sutherland
Member of the Society of Environmental
Journalists
phone: 508-497-3676
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