Valeant Finds No Additional Accounting Issues in Probe

Valeant Finds No Additional Accounting Issues in Probe

Assessment

Interactive Video

Business

University

Hard

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The company has completed an internal review and found no new accounting issues, allowing them to proceed with filing their delayed financial statement by April 29. Missing this deadline could negatively impact their debt situation and lead to further pressure from lenders and rating agencies. The board is also focused on finding a new CEO following Mike Pierson's departure. Once these issues are resolved, the company aims to return to normal operations.

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2 questions

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1.

OPEN ENDED QUESTION

3 mins • 1 pt

What is the priority for Valeant after the departure of Mike Pierson?

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2.

OPEN ENDED QUESTION

3 mins • 1 pt

How might investors react once Valeant files its financial statement and appoints a new CEO?

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