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

Earlier today, news came in about the probe that Macy’s launched into its own accounting practices, and it managed to trace it all back to, apparently, one guy.

The investigation found the employee (who is no longer working at Macy’s), had made one accounting mistake in late 2021, which snowballed into years of coverup, a person briefed on the probe ...

Macy's shares fell Wednesday morning after the company posted its delayed third-quarter earnings report and shifted its full-year ... Accounting Probe Resolved as One Employee Hid $151 ...

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 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 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 ...

The investigation found the employee (who is no longer working at Macy’s), had made one accounting mistake in late 2021, which snowballed into years of coverup, a person briefed on the probe ...

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 ...

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 ...