09
Aug
11:42
Voestalpine hires firms to review decade-long accounting irregularity
Voestalpine has commissioned a specialised auditing company and a German law firm to investigate the intentionally false journal entries uncovered last business year, executives disclose during a conference call monitored by Kallanish.
The false journal entries were intended to raise profit figures at a German company of the metal forming division totalling around €100 million ($109m) over the business years between 2012/13 and 2023/24. The accounting consequ…
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Very good overview of the weekly steel market.
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