Report: Former Disney Accountant Alleges Company Falsely Inflated Revenue

  • 📰 Forbes
  • ⏱ Reading Time:
  • 51 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 24%
  • Publisher: 53%

Sverige Nyheter Nyheter

Sverige Senaste nytt,Sverige Rubriker

The ex-employee filed multiple reports with the SEC.

The former accountant alleged that the revenue was fudged by employees exploiting a weakness in Disney’s accounting software.to the Securities and Exchange Commission , alleging that the company falsely inflated revenue for years, causing share prices to slip and Disney to push back against the claims.

Sandra Kuba worked as a Disney accountant for 18 years and claims she witnessed the company purposefully overstate revenue from parks and resorts by billions of dollars, asKuba alleged that the revenue was fudged by employees exploiting a weakness in Disney’s accounting software. Kuba claimed that she attempted multiple times to bring her concerns to Disney management, beginning in 2013, and that the company’s internal audit group contacted her once in 2016 but did not follow up.

In August 2017, Kuba filed her first whistleblower report with the SEC, and she was fired from Disney a month later. Since then, Kuba filed two additional reports with the SEC. “This former employee, who was fired for cause, has persistently made patently false claims for over two years. The claims she made to the company were thoroughly investigated and found to be utterly baseless. It is unfortunate that MarketWatch, which has been aware of the facts for months, knowingly and deliberately chose to give Ms.

Vi har sammanfattat den här nyheten så att du kan läsa den snabbt. Om du är intresserad av nyheterna kan du läsa hela texten här. Läs mer:

 /  🏆 394. in SE
 

Tack för din kommentar. Din kommentar kommer att publiceras efter att ha granskats.

Sounds like the Mouse House has a rat 🧀

Sverige Senaste nytt, Sverige Rubriker

Similar News:Du kan också läsa nyheter som liknar den här som vi har samlat in från andra nyhetskällor.

Report: Former Disney Accountant Alleges Company Falsely Inflated RevenueA former Disney accountant alleges that the company falsely inflated revenue by lisettevoytko lisettevoytko So this accountant participated in misleading shareholders, and everything was ok while he was riding the gravy train. There is a fundamental lack of morals and ethics in professions that were once upon a time beyond suspicion. lisettevoytko Why am I not surprised? lisettevoytko that explains Captain Marvel.
Källa: Forbes - 🏆 394. / 53 Läs mer »