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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.
Macy's delays earnings release as it says employee hid up to $154 million in delivery expenses
Macy's posted preliminary third-quarter results but delayed its full earnings report as it investigates up to $154 million in erroneously reported expenses. The company said it discovered the issue when it was preparing its earnings,
A Macy’s employee ‘hid’ up to $154M in expenses over three years — but why?
While we work diligently to complete the investigation as soon as practicable and ensure this matter is handled appropriately, our colleagues across the company are focused on serving our
16h
Macy's Delays Results After Finding Employee Hid Millions in Delivery Expenses
(Reuters) - Macy's on Monday delayed publication of its third-quarter results after discovering an accounting issue related ...
12h
on 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 ...
9h
Macy's says employee hid up to $154 million in expenses since 2021
Macy’s on Monday said an employee responsible for managing accounting for small package deliveries concealed up to $154 ...
12h
on MSN
Macy's says an employee hid up to $154 million in expenses
Macy's delays its quarterly earnings report after discovering that an accounting unit employee concealed delivery expenses.
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