RSS feedsThe paper claims the SEC is investigating auditing practices while US Treasury Secretary Paul O'Neill served as a board member and that the probe covers possible earnings manipulations dating back as far as the mid-1990s.
Lucent claims the investigation is close to completion and only goes as far back as 2000.
A Lucent spokesman told Accountancy Age there 'is nothing new here' and that the company brought it to the attention of the SEC two years ago. 'We continue to co-operate fully with the SEC in an effort to bring this matter to closure,' he said.
The SEC refused to comment.
Have your say
Have your say on this article