macy's delivery expenses news - Search News

Macy’s employee hid up to $154M in expenses

Macy's says an employee hid as much as $154 million in expenses

The employee "intentionally made erroneous accounting accrual entries" to hide millions of dollars, Macy's said. The error forced the company to delay reporting its third quarter results.

The New York Times · 3h

Macy’s Discovers Employee Hid Millions in Delivery Expenses

The department store chain said it had found the erroneous accounting entries while preparing its results for the third quarter.

Newsweek on MSN · 6h

Macy's Delays Q3 Earnings After Employee Hid up to $154M in Expenses

An internal investigation revealed that a single employee intentionally concealed these expenses over nearly three years.

2hon MSN

Macy’s says employee hid up to $154 million in expenses

By MICHELLE CHAPMAN Macy’s says it’s delaying the release of its fiscal third-quarter earnings results after it discovered an ...

6hon MSN

Macy’s says employee hid as much as $154 million in expenses

Macy’s said an accounting employee hid as much as $154 million in delivery expenses over a three-year period, prompting the ...

7hon MSN

Macy’s finds ‘erroneous’ accounting entries, leading to delay of earnings report

Macy’s identified a single employee who made “erroneous” accounting entries to hide up to $154 million in delivery expenses ...

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