Krispy Kreme restates 2004 figures
Specialist US doughnut maker Krispy Kreme has been forced to restate its 2004 year-end figures following an internal review into alleged accounting errors.
Specialist US doughnut maker Krispy Kreme has been forced to restate its 2004 year-end figures following an internal review into alleged accounting errors.
Link: Help for directors struggling with IFRS
Krispy Kreme, which is still under informal investigation by the SEC into its accounting irregularities, would be hit by between a $6.2m and $8.1m (£4.3m) reduction in pre-tax income for the fiscal year 2004.
‘The company also is conducting discussions with the Commission staff regarding the staff’s inquiries concerning certain accounting matters, including certain of the matters giving rise to the adjustments described above,’ Krispy Kreme said in a statement.
It could not rule out that the ongoing investigation by the SEC would bring about a further write down in income for the period.
‘In such event, there can be no assurance that the amount of those additional adjustments will not be material individually or in the aggregate,’ Krispy Kreme stated.
The numbers you crunch tell a story. Your expertis...
19yEmbracing user-friendly AP systems can turn the tide, streamlining workflows, enhancing compliance, and opening doors to early payment discounts. Read...
View articleOrganisations can enhance their financial operations' efficiency, accuracy, and responsiveness by adopting platforms that offer them self-service cust...
View articleIn a world of instant results and automated workloads, the potential for AP to drive insights and transform results is enormous. But, if you’re still ...
View resourceDiscover how AP dashboards can transform your business by enhancing efficiency and accuracy in tracking key metrics, as revealed by the latest insight...
View articleThe ICAEW confirms new vice president, with senior heads appointed at KPMG and EY. Within the mid market, a flurry of end of year partner appointments...
View articleThe ICAEW confirms new vice president, with senior heads appointed at KPMG and EY. Within the mid market, a flurry of end of year partner appointments...
View articleThis follows an investigation into undisclosed personal loans and issues with an acquisition. Despite challenges, the company aims to achieve £1bn in ...
View articleThe ICAEW confirms new vice president, with senior heads appointed at KPMG and EY. Within the mid market, a flurry of end of year partner appointments...
View articleThere is optimism that the IPO market will rebound in the second half of 2024, driven by pent-up demand and potential improvements in economic conditi...
View articleThe ICAEW confirms new vice president, with senior heads appointed at KPMG and EY. Within the mid market, a flurry of end of year partner appointments...
View articleKPMG confirms reappointment of it's UK chair, while EY announces Janet Truncale as the next EY global chair and CEO Read More...
View articleThe ICAEW has announced the appointment of its forthcoming chief executive Read More...
View article