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.
Estimated reading time: 0 minutes, 31 seconds
Liberty Delays Earnings Call
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.
Latest from The Progressive Accountant
- Adapting to the AI-driven Accounting Landscape: Firms Leverage New Tech Tools
- The Changing Dynamics of Accounting Leadership in Modern Firms
- Unveiling the Fast-Paced Shifts in U.S. Accounting Standards
- Navigating the R&D Tax Credit: Recent Developments and Implications for Businesses
- Navigating the Complexities of Sales Tax Compliance in the Digital Era
Most Read
-
-
May 05 2025
-
Written by The Progressive Accountant
-
-
-
Jan 26 2025
-
Written by The Progressive Accountant
-
-
-
Feb 02 2025
-
Written by The Progressive Accountant
-
-
-
Feb 09 2025
-
Written by The Progressive Accountant
-