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Access Co., Ltd. Reports Internal Control Weaknesses and Amends Financial Statements

Story Highlights
  • Access Co., Ltd. found material weaknesses in financial reporting due to improper practices.
  • The company amended past financial reports and identified internal control inadequacies.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.
Access Co., Ltd. Reports Internal Control Weaknesses and Amends Financial Statements

Elevate Your Investing Strategy:

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.

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