CIO

Kyndryl replaces financial leadership, cites weak reporting controls

Kyndryl dumps its CFO and general counsel and replaces its controller as it anticipates reporting material weaknesses in its internal control over financial reporting.

At IBM spinoff Kyndryl, the stock dives 50% after an accounting probe and CFO exit: ‘The red flags are already out’

Cash management practices are a focus of the investigation and the subsequent internal review by Kyndryl’s audit committee.

Kyndryl delays quarterly filing, flags financial reporting concerns

Feb 9 (Reuters) - Software provider Kyndryl on Monday delayed the filing of its quarterly report, saying it anticipates material weaknesses in its internal control over financial reporting for ...
WRAL

NC battleship commission made $2.1M in financial reporting errors, state audit says

The USS North Carolina Battleship Commission says it is working to strengthen internal controls over financial reporting to comply with state law. The audit didn't allege criminal wrongdoing. The ...
KTBS

Auditor cites Mansfield for noncompliance, internal control deficiencies, financial reporting weaknesses

MANSFIELD, La. – The City of Mansfield did not comply with the state public bid law, failed to amend its budgets, didn’t publish meeting minutes and violated the state Constitution’s prohibition on ...
The Business Journals

Internal controls protect small and mid-sized businesses from financial fraud and operational risks

To continue reading this content, please enable JavaScript in your browser settings and refresh this page. When people hear the term internal controls, they often ...
AOL

Super Micro shares dip after AI server maker flags financial control concerns

(Reuters) -Super Micro Computer's shares fell nearly 5% on Friday after the artificial intelligence-optimized server maker reiterated weaknesses in internal control over financial reporting. The ...
WECT

Audit finds financial reporting errors and inadequate management by USS North Carolina Battleship Commission

WILMINGTON, N.C. (WECT) - In its annual audit of the USS North Carolina Battleship Commission, the Office of State Auditor Dave Boliek identified more than $2 million worth of financial reporting ...
Seeking Alpha

Super Micro Computer dips after raising concerns about financial controls

Shares of Super Micro Computer (NASDAQ:SMCI) fell about 5% on Friday after the company cautioned that weaknesses in its controls related to financial disclosures may, if not remedied, hamper its ...