DETROIT (AP) — General Motors will pay the federal government a $1 million civil penalty for violating accounting rules involving the company's deadly ignition switch scandal. [...] for at least 18 months, accountants didn't properly evaluate whether there would be a recall or the potential losses from the scandal, the agency said. "Internal accounting controls at General Motors failed to consider relevant accounting guidance when it came to considering disclosure of potential vehicle recalls," Andrew Calamari, director of the SEC's New York regional office, said in a statement.

 

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