WASHINGTON: The US Securities and Ex-change Commission (SEC) has blasted America's 500 biggest companies for weaknesses in their 2002 annual reports ranging from “boilerplate analyses” to “rote calculations.”
In a long-awaited critique of the 10-K annual filings of the Fortune 500 corporations, the SEC said that it had screened all 500 filings and selected 350 for a thorough going-over.
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