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Weaknesses Delay Interpublic Filing

Companies may have improperly consolidated results of acquired companies.

> > Interpublic Group of Cos. Inc. announced that it will not file its 2004 annual report on time and may need to restate its results. Interpublic attributed the delay to material weaknesses in internal controls, including the documentation and control of the financial-results reporting process, and the time needed to complete their management report as required by Section 404 of Sarbanes-Oxley.
Source: CFO


Published:2005-03-14
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