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Interpublic Group was back in the financial spotlight last week as it reported its delayed third-quarter results and revealed the Securities and Exchange Commission is conducting an “informal inquiry.”
During last week’s call with analysts, IPG CFO Sean Orr took center stage to report that the numbers for the first nine months of 2002 came out largely as IPG had predicted the week before.
The SEC inquiry into IPG’s $181.3 million accounting imbalance began several months ago, after IPG in August first revealed the imbalance, which has since been twice restated.
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