Posted by Press reader on 30 July 2001 at 15:31:09:
I don't think this is new news , but check the link :
http://www.thestandard.com/article/0,1902,28116,00.html
David Newman's comments are :
QUOTE
First of all, how the IBM Company
accounts for its relationship
with the Pension Fund is nothing to do with
and has no impact on,
the Pension Fund itself.
I work for the Pension
Fund, and therefore am not involved in
the accounting aspects.
However,
until 2 years ago, I was Chief Accountant in the UK,
and I can assure you
that at that time IBM was in full compliance
with all the relevant external
Accounting Standards. Further,
the accounts had been approved and signed off
by the firms
Auditors, Pricewaterhouse Coopers. I would be amazed if that
situation had changed.
UNQUOTE