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. Disney disputes Kuba’s allegations and maintains she was fired for cause in statements made to multiple outlets. Disney did not immediately return requests for comment to
lisettevoytko P
lisettevoytko Curious about what the external auditors take was about this issue.
lisettevoytko that explains Captain Marvel.
lisettevoytko Why am I not surprised?
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.