December 26, 2024

Macy’s finds ‘erroneous’ accounting entries, leading to delay of earnings report

 Macy’s finds ‘erroneous’ accounting entries, leading to delay of earnings report

Macy’s finds ‘erroneous’ accounting entries, leading to delay of earnings report

Macy’s identified a single employee who made “erroneous” accounting entries to hide up to $154 million in delivery expenses during a three-year period.