Forensic report into Steinhoff show top execs inflated profits for year. - Vice Daily

Page Nav

HIDE

Grid Style

GRID_STYLE

Post/Page

Weather Location

Breaking News:

latest

Forensic report into Steinhoff show top execs inflated profits for year.

Moitrish Majumdar, Kolkata:

Steinhoff international announced on Friday,afternoon that a "small group" of former Steinhoff executives in concert with executiv3s at other companies,for years inflated the profit and asse…


Moitrish Majumdar, Kolkata:

Steinhoff international announced on Friday,afternoon that a "small group" of former Steinhoff executives in concert with executiv3s at other companies,for years inflated the profit and asset values of the Steinhoff group.


This was included in an overview of a foreinsic probe into.The company's financial statements conducted by PricewaterhouseCooper Advisory Service.

The Stellenbosch-headquatered retailer made an 11- page overview of the probe public on Friday evening.

PWC was hired to conductan independent forensic probe into the multinational retailer in late 2017,following the abrupt resignation of its CEO Markus Joosle,after the company's auditor flagged accounting irregularities in its financial statements

No comments