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“Erroneous Accounting Accrual Entries”: Macy’s Worker Hid $154 Million In Expenses, Forcing 3Q Earnings Delay

Shares of Macy’s fell in premarket trading after the company revealed that an independent investigation and forensic analysis found an employee hid over $100 million in expenses. This news ultimately delayed Macy’s release of its third-quarter earnings.  In a preliminary third-quarter

“Erroneous Accounting Accrual Entries”: Macy’s Worker Hid $154 Million In Expenses, Forcing 3Q Earnings Delay Read More »