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An update from Access Co., Ltd. ( (JP:4813) ) is now available.
Access Co., Ltd. announced material weaknesses in its internal control over financial reporting due to improper sales recognition and asset valuation at its U.S. subsidiary, IP Infusion Inc. The investigation revealed overstated sales and software assets, leading to amended financial reports for previous fiscal years. The company identified inadequacies in internal controls and management involvement as key issues, impacting its financial reporting reliability and necessitating corrective measures.
More about Access Co., Ltd.
Access Co., Ltd. operates in the network business industry, primarily focusing on software solutions through its subsidiary, IP Infusion Inc., in the U.S.
Average Trading Volume: 233,709
Technical Sentiment Signal: Sell
Current Market Cap: Yen34.12B
For detailed information about 4813 stock, go to TipRanks’ Stock Analysis page.