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bar1080

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bar1080

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Thursday, 08/03/2023 11:47:17 AM

Thursday, August 03, 2023 11:47:17 AM

Post# of 1568
WSJ mentions Goedeker accounting.

"Online appliance and furniture retailer 1847 Goedeker Inc. fired its auditor Sadler Gibb & Associates LLC in December 2020, close to the end of its financial year. The company said there were no disagreements with the auditor.

In March, the St. Charles, Mo.-based company announced a restatement. The accounting do-over, affecting expenses for sales taxes on online sales, more than doubled the company’s reported net loss for 2019 from $2.1 million to $5.2 million."

https://www.wsj.com/articles/when-companies-fire-their-auditors-timing-is-clue-to-future-trouble-11639391581

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