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Under Armor says the US is probing its accounting practices

The US Department of Justice and the US Securities and Exchange Commission. "The company began responding in July 2017 to requests for documents and information, and firstly for its accounting practices and related disclosures, and for the company's beliefs," said a spokesperson for Under Armor. Under Armor founder Kevin Plank is stepping down as CEO ” class=”media__image” src=”http://cdn.cnn.com/cnnnext/dam/assets/191022070545-kevin-plank-1016-large-169.jpg”/> Shares in …

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Under Armor is being investigated by the US government for accounting practices

Under Armor is under investigation by the Department of Justice and the US Securities and Exchange Commission about its accounting practices, the company confirmed on Sunday. Under Armor began in July 2017 by answering requests for documents and information related to its accounting practices and related disclosures. Under Armor is cooperating with both investigations and believes that the accounting practices …

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Under Armor is being investigated for its accounting practices by the US federal government

Sportswear brand Under Armor announced that it has been investigated by the US Securities and Exchange Commission (SEC) and DOJ since July 2017. In a statement, the company stated that it "cooperated" with the probes, stressing that it "firmly believes that its accounting practices and disclosures are appropriate." Sources told the Wall Street Journal that federal agencies are considering whether …

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Under Armor is the subject of the Federal Accounting Probe

Federal prosecutor investigate Under Armor Inc. The accounting practices of a study examining whether the sportswear manufacturer has postponed revenue from quarter to quarter to be healthier. As part of the investigation, which was not published, the investigators interviewed people In Baltimore, where the company is still based in the past week, announced one of the persons. The Department of …

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According to WSJ, Under Armor is the subject of an investigation of federal accounting

Kevin Plank, founder and CEO of Under Armor Sportswear, in his office in Baltimore, Maryland, on October 1, 2009. Bill O'Leary | The Washington Post | Getty Images Under Armor faces a federal criminal investigation into accounting practices purportedly used to make finances healthier, the Wall Street Journal said on Sunday between quarters after The Journal. Investigators questioned people in …

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GE Slashes Dividend, DOJ opens sample of accounting

General Electric Co. GE -1.24% lowered the dividend to a symbolic amount, saying that the federal authorities had instituted a criminal investigation of their accounting practices as the embattled conglomerate under new CEO Larry restructure wool culp. Executives said Tuesday that the Department of Justice has launched an investigation into the company's recent accounting practices, along with a recent investigation …

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Inquiry ends in Exxon Mobile Accounting bound to climate change

The Securities and Exchange Commission completed an investigation into Exxon Mobil's policy of not writing down the value of its oil reserves in order to take into account the risk that future climate regulations could pose for the company. The Commission informed Exxon of its decision in a letter on Thursday stating that it would not take enforcement action against …

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South Korea regulator says Samsung BioLogics violated accounting rules

SEOUL (Reuters) – South Korea's top financial regulator said on Thursday contract drug manufacturer Samsung BioLogics Co ( 207940.KS ) violated accounting rules in a case involving a joint venture and its CEO to prosecutors for investigation. The decision came after a months-long trial of bookkeeping by BioLogics, an affiliate of Samsung Electronics ( 005930.KS ), amid growing scrutiny of …

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Toshiba says SEC closes accounting probe, no penalty

TOKYO (Reuters) – Japan's Toshiba Corp. ( 6502.T ) said on Monday that the US Securities and Exchange Commission had conducted an investigation into its past accounting practices without convicting the company. FILE PHOTO: A Toshiba Corp logo is seen on February 14, 2017 in front of an electronics retail store in Tokyo, Japan. REUTERS / Toru Hanai / File …

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