Brief: Barnes & Noble - On June 27, Audit Committee Concluded That Previously Issued Consolidated Financial Statements For Non-Reliance Periods Should Be Restated

Barnes & Noble Education

27/06/2022 22:33

June 27 (Reuters) - Barnes & Noble Education Inc  BNED.N :
    * BARNES & NOBLE - ON JUNE 27, AUDIT COMMITTEE CONCLUDED
THAT
PREVIOUSLY ISSUED CONSOLIDATED FINANCIAL STATEMENTS FOR
NON-RELIANCE PERIODS SHOULD BE RESTATED
    * BARNES & NOBLE EDUCATION INC - EXPECTS FOREGOING
ADJUSTMENTS TO
RESULT IN AN INCREASE IN ITS FISCAL YEAR 2021 REPORTED NET LOSS
OF $8 MILLION
    * BARNES & NOBLE - CONCLUDED THERE WAS MATERIAL WEAKNESS IN
INTERNAL CONTROL OVER FINANCIAL REPORTING RELATING TO INCOME TAX
BENEFIT ADJUSTMENT
    * BARNES & NOBLE - REMEDIATION PLAN WITH RESPECT TO SUCH
MATERIAL
WEAKNESS WILL BE DESCRIBED IN 2022 FORM 10-K

Further company coverage:  BNED.N 

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