"That's our target and that's what we're working on," Mr. "One of the things that I'm going to be looking at first is being sure I totally understand the accounting and control procedures and we're in the kind of shape that I'm pretty confident we are right now in." The company has not released any financial reports for 2003, but its current chairman, Shaun O'Malley, said that those numbers should be completed by June of next year. Syron said yesterday in a telephone interview. "This is an organization I have an enormous amount of commitment to," Mr. Last month, after an 11-month review of its accounting, the company announced that it had understated its earnings by nearly $5 billion over more than three years as a result of improper accounting methods apparently intended to produce smooth earnings growth that appealed to investors. The appointment is part of the effort by Freddie Mac, the nation's second-largest buyer of home mortgages after its corporate sibling Fannie Mae, to recover from accounting problems. Syron, a former top Federal Reserve executive and a former president of the American Stock Exchange, would serve as its new chief executive and chairman. In what Freddie Mac hopes is another step away from its accounting troubles, the company announced yesterday that Richard F.
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