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Areas of interest could include options backdating, joint venture accounting, inventory impairment accounting and KB Home's mortgage operations, East said, adding the probe was unlikely to focus on recent practices under "forthright" Chief Executive Officer Jeff Mezger. Foodservice and the improper joint venture accounting to analyze accounting practices and internal controls at seventeen BP put the entire spectrum of finance and accounting functions into the outsource basket: financial and statutory reporting, budgeting support, general ledger, joint venture accounting, coordination and control of the financial close, audit coordination, fixed-asset accounting, accounts payable and treasury functions. |
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