Report of the Securities and Exchange Commission on Questionable and Illegal Corporate Payments and Practices: Submitted to the Committee on Banking, Housing and Urban Affairs, United States Senate
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B Commission Practices with Respect
Nature and Detail of Disclosure
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accepted accounting principles accepted auditing standards Act of l933 activities appropriate Ashland Oil assets audit committee Auditing Standards board of directors books and records Braniff Airways cash cessation Commission alleged Commission's company's conduct consultant corporate accountability corporate books corporate funds corporation's disbursements disclosed documents domestic payments domestic political contributions employees Exhibit facts falsification of corporate federal securities laws fictitious entries financial statements foreign government officials foreign officials foreign political contributions Foreign Sales-type Commissions Form 8-K illegal acts illegal corporate payments illegal foreign payments illegal payments improper independent counsel informal views investigation investors involved issuers legal counsel legislative matters Northrop paid payments to foreign possible practices procedures prohibiting public disclosure purposes pursuant questionable and illegal questionable or illegal questionable payments registration statements report indicated responsible secret fund Securities Act shareholders significant slush fund specifically staff subsidiary tion transactions violations voluntary disclosure program William Batten York Stock Exchange