Credit Suisse finds ‘material weakness’ in reporting since 2021

Credit Suisse said it is adopting a new plan to fix “material weaknesses” in its reporting and control procedures for the past two years, following a fresh review of its financial statements prompted by concerns raised by US regulators last week.

For 2021 and 2022, “the group’s internal control over financial reporting was not effective,” Credit Suisse said in its annual report released today.

Loans Loans Latest News, Loans Loans Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Credit Suisse finds ‘material weakness’ in reporting since 2021The bank was forced to delay the release of its annual report last week
Source: businessposthq - 🏆 8. / 71 Read more »

Credit Suisse finds ‘material weakness’ in financial reportingFirm says its “internal control over financial reporting was not effective”
Source: IrishTimes - 🏆 3. / 98 Read more »

AIB plans capital relief as focus turns to investor payoutsLender set to follow Bank of Ireland with credit risk transfer deals via IrishTimesBiz
Source: IrishTimesBiz - 🏆 6. / 77 Read more »