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Macy's said an employee intentionally made accounting errors totaling $132 million to $154 million. Auditing experts told BI the available evidence suggests a failure of internal accounting controls.
A nine-year veteran employee in Walmart's shipping department recently agreed to anonymously unveil the clever tips, tricks and intel learned from their nearly two decades of navigating store...
Macy’s on Monday said an employee responsible for managing accounting for small package deliveries concealed up to $154 million in expenses over the course of nearly three years.
The former employee's alleged accounting errors affected the first half of fiscal 2024 by $9 million, but this was adjusted in total during the third quarter of 2024, according to the regulatory ...
I went back to work for Walmart from September 2014 until June 2019, just short of five years. I started as a part-time sales associate in sporting goods and worked my way up through several ...
The accounting irregularities prompted the company to delay reporting its full third-quarter results for 2024
Timeline of former nameplates merging into Macy's. Many United States department store chains and local department stores, some with long and proud histories, went out of business or lost their identities between 1986 and 2006 as the result of a complex series of corporate mergers and acquisitions that involved Federated Department Stores and The May Department Stores Company with many stores ...
"The delay in Macy's full third-quarter results is not a good look. While Macy's cannot control the actions of every employee, it is worrying that these are intentional accounting errors that go ...