BLM partner Stuart Evans talk Ted Baker stock overstatement with AccountingWeb.com
BLM commercial litigation partner Stuart Evans talks to AccountingWeb.com about Ted Baker stock overstatement:
“Slip-ups on stock valuation can occur – though not often on this scale,” Evans said. “Retailers may have raw material or works in progress that aren’t yet finished, or it may have old stock that hasn’t been written down. This can lead to mix-ups in the valuation, where retail price is applied rather than the base cost of the item.”
See the full AccountingWeb.com article here.