Truck maker Navistar International said it would strengthen its internal controls and financial reporting as it announced a $1.12 billion financial restatement.
The restatement covers 2003 and prior periods, along with 2004 and the first three quarters of 2005. The company said it had identified a number of material weaknesses in its internal controls.
Register or login for access to this item and much more
All Accounting Today content is archived after seven days.
Community members receive:
- All recent and archived articles
- Conference offers and updates
- A full menu of enewsletter options
- Web seminars, white papers, ebooks
Already have an account? Log In
Don't have an account? Register for Free Unlimited Access