Macy's says employee hid up to $154M in expenses, delays Q3 earnings

<p>NEW YORK — Macy's reported weaker-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

 An independent investigation and forensic analysis found that a single employee with responsibility for small package delivery expense accounting intentionally made erroneous accounting accrual entries to hide roughly $132&#x

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Macy’s investigates after employee hid up to $154 million in expenses, company saysMacy’s said is it delaying reporting its third-quarter earnings results to complete an independent investigation.
Source: aldotcom - 🏆 82. / 68 Read more »

Macy's says employee hid up to $154 million in expenses, delays Q3 earningsMacy’s says it’s delaying the release of its fiscal third-quarter earnings results after it discovered an up to $154 million accounting-related issue
Source: ABC - 🏆 471. / 51 Read more »

Macy's says employee hid up to $154 million in expenses, delays Q3 earningsMacy’s says it’s delaying the release of its fiscal third-quarter earnings results after it discovered an up to $154 million accounting-related issue.
Source: ksatnews - 🏆 442. / 53 Read more »

Macy's says employee hid up to $154 million in expenses, delays Q3 earningsMacy’s says it’s delaying the release of its fiscal third-quarter earnings results after it discovered an up to $154 million accounting-related issue.
Source: wjxt4 - 🏆 246. / 63 Read more »