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Financial misstatements cost Mattel $3.5m, former PwC partner charged over conduct

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Martina Lindberg

1 min read
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SEC charges come after tax misstatements, with auditor’s role questioned.

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

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