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Macy’s employee hid up to $154M in expenses
How did a Macy’s employee hide millions in expenses for years?
A former
employee
intentionally
hid
expenses totaling as much as $154 million in the company's small package delivery department over a roughly three-year period,
Macy's
said in a financial disclosure on Monday. The discovery forced
Macy's
to delay its ...
Macy’s Q3 Audit Reveals Employee Hid $154M
The department store company Macy’s delayed its complete quarterly results release after finding out one of their employees “intentionally” hid approximately $154 million of expenses over a few years.
Macy’s Discovers Employee Hid Millions in Delivery Expenses
The department store chain said it had found the erroneous accounting entries while preparing its results for the third quarter.
1d
Macy's says an employee hid as much as $154 million in expenses
The employee "intentionally made erroneous accounting accrual entries" to hide millions of dollars, Macy's said. The error ...
1d
on MSN
Macy's says an employee hid up to $154 million in expenses
Macy's delays its quarterly earnings report after discovering that an accounting unit employee concealed delivery expenses.
1d
Macy's Delays Q3 Report on Accounting Issue, Sales Misses in Preliminary Results
Macy's on Monday delayed publication of its third-quarter results after discovering an accounting issue related to delivery ...
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