California-based Mattel Inc. has agreed to pay $3.5m in order to settle charges laid by the Securities and Exchange Commission (SEC) after findings of tax misstatements in the company’s third and fourth quarter 2017 financial statements.
According to SEC’s order, the company’s tax-related valuation allowance for Q3 of 2017 was understated
Free Trial
Register for free to keep reading.
To continue reading this article and unlock full access to GRIP, register now. You’ll enjoy free access to all content until our subscription service launches in early 2026.
- Unlimited access to industry insights
- Stay on top of key rules and regulatory changes with our Rules Navigator
- Ad-free experience with no distractions
- Regular podcasts from trusted external experts
- Fresh compliance and regulatory content every day