When it rains it pours! Aurora Cannabis announced earlier in the month that the company was going to have over $1.8 billion in write downs in their fourth quarter and full year financial statements. They announced in a quite press release that the company had discovered certain material weaknesses within the firms internal control framework. They blame the weaknesses on a number of significant changes to the company during the fiscal year. The company has indicated that it is working to correct the deficiencies that they discovered!
Write downs & Internal Control issues at Aurora Cannabis!
Sep 23, 2020 | Accounting Frauds, General | 0 comments