ADM Launches Accounting Probe, Places CFO on Leave
TL;DR Summary
Archer Daniels Midland is facing an accounting investigation, prompting the company to postpone the release of its financial reports and adjust its earnings expectations for the year. The top financial executive, Vikram Luthar, has been placed on administrative leave in response to a voluntary document request by the U.S. Securities and Exchange Commission. The company is cooperating with the SEC and working to complete the investigation quickly, while an interim CFO has been named.
Topics:business#accounting-investigation#administrative-leave#archer-daniels-midland#business#financial-executive#sec
- Accounting investigation under way at ADM and its top financial executive has been placed on leave Yahoo Finance
- ADM Puts CFO on Leave as Farm Giant Probes Accounting The Wall Street Journal
- ADM places CFO on leave amid accounting probe, trims FY 2023 earnings guidance (NYSE:ADM) Seeking Alpha
- ADM Places CFO on Leave, Cuts Earnings Forecast Amid Probe Yahoo Finance
- Archer Daniels Stock Sinks as It Places CFO on Leave During Accounting Probe Barron's
Reading Insights
Total Reads
0
Unique Readers
1
Time Saved
1 min
vs 2 min read
Condensed
70%
243 → 74 words
Want the full story? Read the original article
Read on Yahoo Finance