Steinhoff Gains as Retailer Plans to Restate 2015 Results

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Steinhoff Gains as Retailer Plans to Restate 2015 Results

“That the restatements will not apply to Steinhoff Services Ltd. should be seen as positive as it builds on the impression that the accounting difficulties are confined to some European operations,” Bloomberg Intelligence analyst Charles Allen said in an email. The bedding giant appointed auditor PwC to
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Europe's MiFID II Challenge to US Finance

(Disclosure: Bloomberg LP, parent of Bloomberg News, has interests in various related businesses, including trading platforms, research, market data and MiFID compliance and reporting services.) To get a sense of how Europe's approach differs, consider the realm of investment research. Traditionally
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People in the news, Jan. 2

Hacker joined Validus in January 2017 as vice president of accounting. She launched her career in senior living in 2009 at Horizon Bay Retirement Living, where she was director of accounting. There, she worked with Steve Benjamin and Rebecca Townsend, who are now Validus CEO and chief
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Steinhoff says accounting problems stretch back further than 2016

The South African retailer suffered a dramatic fall from grace in 2017, delaying accounts for that year and warning that the 2016 figures could not be relied upon. Now it says the “restatement of the financial statements of Steinhoff Investment Holdings Limited for years prior to 2015 is likely to be required
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Accounting Faculty

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