UPS to Pay $45 Million Penalty for Improperly Valuing Business Unit
Washington, D.C.-- (Newsfile Corp. - November 22, 2024) - The Securities and Exchange Commission today announced settled charges against United Parcel Service Inc. for materially misrepresenting its earnings because it failed to follow generally accepted accounting principles (GAAP) in valuing one of its worst performing businesses.
UPS is paying a steep fine to the SEC for how it valued UPS Freight before it was sold to TFI. The post UPS hit with SEC fine ...
The commission accused UPS of failing to follow generally accepted accounting principles, or GAAP, and “materially ...
The SEC found that UPS did not record a goodwill impairment for its UPS Freight business division in 2019. If UPS had ...
UPS will pay $45 million to settle charges that it improperly valued its freight division, the Securities and Exchange ...
United Parcel Services was fined by the SEC for allegedly overvaluing its freight business. "UPS Ordered To Pay $45M For Overvaluing Freight Business," at 9:31 a.m. ET, incorrectly said the ...
The world's largest courier service, UPS, will pay $45 million in fines after settling claims one of its units misrepresented ...
Nov 2024 - UPS (NYSE: UPS) has agreed to pay US$45m to settle allegations by the US Securities and Exchange Commission (SEC) ...
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