Priya PatelLet’s see what’s in the news today.
Grifols Shares Halted on €457 Million Accounting Adjustment
(Bloomberg) — Grifols SA, the Spanish pharmaceutical company targeted by a short seller attack earlier in the year, reported an unexpected accounting adjustment €457 million ($494 million) on Tuesday. Most Read from BloombergLuxury Heir Alleges His $13 Billion Hermès Fortune Has VanishedRich Hong Kong Families Sell Mansions at Discounts to Repay DebtVenezuela’s Opposition Disputes Claim of Maduro Election VictoryHarris’ Running-Mate Search Zeroes In on Three Top ContendersTesla Analyst Nearly C
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CBRE Group Chief Accounting Officer Sold $219K In Company Stock
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Grifols Cuts Chinese Stake Value by €457 Million After Audit
Grifols SA, the Spanish pharmaceutical company hit by a short seller attack this year, said it overstated the value of its stake in a Chinese firm and reported an accounting adjustment of €457 million ($494 million).
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Regulator Highlights Quality Gaps Among Top Auditors
The Financial Reporting Council said Tuesday that there is a widening gap between BDO LLP and Forvis Mazars LLP and the better performance of the Big Four accounting firms for high-quality audits of major U.K. companies.
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Lean Finance Teams Problematic For C-Suite Leaders, Survey Finds
An issue keeping most finance decision makers up at night is having “lean” or “overextended” teams, a new survey reveals.
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