The employee "intentionally made erroneous accounting accrual entries" to hide millions of dollars, Macy's said. The error ...
Macy's announced Monday that it would delay its full third-quarter earnings report because of an employee hiding up to $154 million in expenses, sending ...
A Macy's employee allegedly hid up to $154 million by making erroneous accounting accrual entries, according to the company.
Macy's delays its quarterly earnings report after discovering that an accounting unit employee concealed delivery expenses.
Macy's said a former employee concealed up to $154 million in delivery expenses over the course of nearly three years.
Macy’s said an employee hid as much as $154 million in delivery expenses over a three-year period, prompting the retailer to ...