The World: New York - SEC calls for IPG to submit response to end probe

The five-year Securities & Exchange Commission's investigation into Interpublic's accountancy scandal is set to linger on after IPG was told it must submit its side of the story to SEC senior executives before they make their recommendations.

The probe began in 2002, after IPG revealed a $181.3 million accounting imbalance between 1997 and 2001.

IPG found no current senior managers had acted improperly, although some staff were sacked after an internal investigation.

Michael Roth, IPG's chief executive, said the SEC's response was "not unexpected".

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