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.
lisettevoytko If he didn’t say his head is frozen somewhere, the I don’t care.
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Source: Forbes - 🏆 394. / 53 Read more »
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