Macy’s has completed its investigation into accounting problems and found that a single employee’s mistake and coverup created $151 million in false bookkeeping entries.

Macy’s (NYSE:M) Probe Discovers Accounting Scandal Was One Employee’s Work December 11, 2024 — 01:33 pm EST Written by Steve Anderson for TipRanks -> ...

Macy’s employee responsible for a $151 million accounting scandal made one mistake that snowballed into an intentional coverup Sydney Lake Updated December 11, 2024 at 10:52 AM ...

Macy's net income of $28 million, or 10 cents per share, outpaced the $6.4 million and 3 cents per share analysts had expected, but the company's adjusted earnings per share (EPS) was just one ...

Macy’s finally released its third-quarter earnings on Wednesday after having to delay it due to a massive accounting scandal caused by one employee. The employee, who no longer works for Macy ...

Macy's said in an earlier statement that a single employee overseeing small package delivery expense accounting "made erroneous accounting accrual entities," enabling them to hide millions from ...

Macy's is tightening financial accounting measures after completing a probe of a rogue employee who hid $151 million in delivery expenses over a span of nearly three years.

Macy’s said an investigation into accounting problems found that a rogue employee hid more than $151 million in expenses to cover up a bookkeeping mistake and wasn't motivated by personal or ...

Macy’s M 0.12 % increase; green up pointing triangle has completed its investigation into accounting problems and found that a single employee’s mistake—and subsequent coverup—created $151 ...

NEW YORK (AP) — Macy's said Wednesday that it has tightened internal financial accounting measures after completing a probe of a rogue employee who hid $151 million in delivery expenses over a ...