The company says employee misconduct resulted in the cost of products sold being understated by $181 million.
The pot-packaging company says accounting errors related to recent acquisitions caused it to misstate financial results.
Helios & Matheson Analytics incorrectly recognized $6.6 million in revenue from MoviePass, bringing its third-quarter loss to $146.7 million.
The restatement of results for 2016 and 2017 is "one more headache for [Molson] as it struggles to right sales in the challenging U.S. market."
The biotech firm's stock falls 23% but its CEO says, "It is important that investors understand that our business performance remains strong."
The benefits company's internal investigation found “a material weakness in its internal control over financial reporting."
The natural products maker reported that it did not have to make material changes to its previously reported financial statements.
The more a Big Four firm pays its auditors, the fewer restatements its clients have, finds a new study.
