Macy’s says employee hid up to $154 million in expenses, delaying Q3 earnings
Macy’s reported stronger-than-expected sales for the third quarter and said it’s delaying the release of its full quarterly results after it discovered an employee intentionally hid up to $154 million of expenses over several years.
Macy, Thanksgiving Day Parade
Macy's said a single employee was responsible for "erroneous accounting accrual entries." The employee is no longer working ...
While Macy's says a single employee was responsible for the error, accounting and auditing experts told BI it should have ...
The employee "intentionally made erroneous accounting accrual entries" to hide millions of dollars, Macy's said. The error ...
The department store chain had to delay its third quarter financial statements after uncovering 'erroneous accounting accrual ...
The countdown to Thanksgiving is on, and so is the excitement for the Macy’s Thanksgiving Day Parade! Rehearsals are underway ...
A Macy’s employee intentionally hid up to $154 million in delivery expenses over the past three years. Investors have a lot ...
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