Federal Trade Commission Chair Lina Khan noted that none of the problems raised by the auditor constituted material weaknesses or instances of noncompliance with internal controls. Photo: Valerie Plesch/BloombergAuditor Finds 'Significant Deficiency' in FTC Accounting to Tune of $7M
"Internal control related to the preparation and review of the financial statements and footnotes was not properly designed and implemented to prevent, detect or correct errors and omissions," wrote Allmond & Co., a Lanham, Maryland-based accounting firm.
November 22, 2024 at 01:33 PM
4 minute read
The Federal Trade Commission emotes a righteous tone in its crusade against corporate monetary misdeeds, whether excoriating an auto dealer for payment-packing or condeming competitors for improperly sharing pricing data.
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