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Macy’s employee hid up to $154M in expenses
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.
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: Employee hid upwards of $154M in delivery expenses
Macy's announced an employee has "hid" up to $154 million, prompting the U.S. department store chain to delay the release of its third-quarter earnings report.
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
on MSN
Macy’s says employee hid as much as $154 million in expenses
Macy’s said an employee hid as much as $154 million in delivery expenses over a three-year period, prompting the retailer to ...
The Business Journals
21h
Macy’s says employee hid as much as $154M in expenses
Macy
’s is delaying its third-quarter earnings release and conference call because of an
employee
’s intentional accounting ...
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