Macy’s employee ‘hid $154m in expenses by making mistakes in accounts on purpose’ forcing chain to delay earnings call ...Middle East

A MACY’S employee has been accused of hiding up to $154 million in accountant-related issues, forcing the department store chain to delay its earnings call. The company uncovered the issue while preparing its third-quarter earnings report, which ended on November 2. A Macy’s employee has been accused of hiding $154 million in accountant-related issues dating back to 2021Getty Macy’s said an issue related to delivery expenses in one of its accrual accounts was identified in early November. The unnamed employee intentionally hid as much as $154 million in expenses over the course of nearly three years, dating back to the fourth quarter of 2021, the retailer said. The s

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Last updated : 25 Nov 2024 clock 06:41 PM

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Macy’s employee ‘hid $154m in expenses by making mistakes in accounts on purpose’ forcing chain to delay earnings call ...Middle East

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