SEC is latest regulator to investigate Exxon Mobil s accounting practices


5 beauteous stats about Exxon Federal regulators are investigating Exxon s accounting practices. The SEC s delving appears to chase the advance of an analysis launched by New York Attorney General Eric Schneiderman, who said aftermost anniversary that he s attractive into whether the aggregation has addled investors with dodgy accounting practices. Exxon Mobil (XOM ) said in a account Tuesday that is fully acknowledging with the [Securities and Exchange Commission s] appeal for information, adage the authoritative bureau is the adapted entity to analysis how the aggregation has admired its assets. Related: Oil behemothic Exxon profits blast 59% to 17-year lows Schneiderman s appointment is attractive into why Exxon has not downgraded the estimated amount of its oil affluence — alike as oil prices accept faced a two-year decline. His appointment is additionally investigating whether the aggregation has appropriately accounted for the appulse of acute greenhouse gas regulations on its business. In a account Tuesday, Exxon said we are…confident our banking advertisement meets all acknowledged and accounting requirements. The Wall Street Journal appear Tuesday that the SEC has asked for abstracts from Exxon and PricewaterhouseCoopers, which audits the company s banking documents. The SEC beneath to animadversion on the investigation, and PwC did not acknowledge to s analysis Tuesday. (New York) First appear September 20, 2016: 6:45 PM ET

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