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Macy’s employee hid up to $154M in expenses
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,
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.
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.
10h
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 ...
10h
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.
10h
on 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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