However, the company announced the delay "as the company finalizes their quarterly assessment of internal controls as related to recent management change." Liberty's board of directors fired founder and CEO John Hewitt in September. It named Ed Brunot as CEO on September 8, two days after firing Hewitt. The company's growth was hurt by filing fraud charges made against several franchisees over the last two years. The publicity over the incidents hurt Liberty's ability to recruit area developers and franchisees.
Last modified on Thursday, 07 December 2017Estimated reading time: 0 minutes, 31 seconds
Liberty Delays Earnings Call
- Thursday, Dec 07 2017
- Tax
- Written by The Progressive Accountant
Liberty Tax has delayed its scheduled earnings release and conference call for the second quarter ended October 30. The conference call had been scheduled for today.
Tagged under
- liberty,
- tax,
- hewitt,
- earnings,
- Brunot,
- controls,
- internal,
- franchisees,
- developers,
- fraud,
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