Trending...
- R&B Artist Mike Davis Announces Debut Full-Length Album Full Circle, Releasing April 7
- Ocean County College Introduces Pathways to Simplify the Student Journey and Strengthen Career Connections
- Blue Sparrow Coffee named Best Matcha in Westword's Best of Denver 2026
BENSALEM, Pa.--(BUSINESS WIRE)--Law Offices of Howard G. Smith continues its investigation on behalf of Atos SE ("Atos" or the "Company") (OTC: AEXAY) investors concerning the Company and its officers' possible violations of federal securities laws.
On April 1, 2021, Atos issued a press release revealing that its auditors issued a "qualified opinion . . . as to two US legal entities representing 11% of 2020 consolidated revenue that require additional diligences." Specifically, the auditors identified "internal weaknesses over financial reporting process and revenue recognition in accordance with IFRS 15 leading to several accounting errors, as well as risk of override of controls in this respect." The Company stated that it had hired external firms to conduct an investigation and that, due to those procedures, the auditors had not been able to obtain sufficient evidence that the Company's financial statements were free of material misstatements within the necessary timeframe.
More on The PennZone
On this news, the Company's share price fell $1.67 per share, or 10.81%, to close at $13.78 per share on April 1, 2021, thereby injuring investors.
If you purchased Atos securities, have information or would like to learn more about these claims, or have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Howard G. Smith, Esquire, of Law Offices of Howard G. Smith, 3070 Bristol Pike, Suite 112, Bensalem, Pennsylvania 19020 by telephone at (215) 638-4847, toll-free at (888) 638-4847, or by email to howardsmith@howardsmithlaw.com, or visit our website at www.howardsmithlaw.com.
This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and ethical rules.
On April 1, 2021, Atos issued a press release revealing that its auditors issued a "qualified opinion . . . as to two US legal entities representing 11% of 2020 consolidated revenue that require additional diligences." Specifically, the auditors identified "internal weaknesses over financial reporting process and revenue recognition in accordance with IFRS 15 leading to several accounting errors, as well as risk of override of controls in this respect." The Company stated that it had hired external firms to conduct an investigation and that, due to those procedures, the auditors had not been able to obtain sufficient evidence that the Company's financial statements were free of material misstatements within the necessary timeframe.
More on The PennZone
- 300 Episodes. One Mission: Brother Marcus Ignites a Global Movement of Inspiration
- Riggo Production Studio Launches Monthly Content Package for Growing Brands
- Accelerating into Active Oil Production with over 100 Barrels per day now being produced as Dual-revenue engine begins Generating Cash Flow: $IBG
- Finland emerges as clear Eurovision 2026 favourite – analysis of 12 bookmakers by Vedonlyöntisivut
- Mac Mountain Selects netElastic vRouter for LightCraft Broadband-as-a-Service Platform
On this news, the Company's share price fell $1.67 per share, or 10.81%, to close at $13.78 per share on April 1, 2021, thereby injuring investors.
If you purchased Atos securities, have information or would like to learn more about these claims, or have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Howard G. Smith, Esquire, of Law Offices of Howard G. Smith, 3070 Bristol Pike, Suite 112, Bensalem, Pennsylvania 19020 by telephone at (215) 638-4847, toll-free at (888) 638-4847, or by email to howardsmith@howardsmithlaw.com, or visit our website at www.howardsmithlaw.com.
This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and ethical rules.
Filed Under: Business
0 Comments
Latest on The PennZone
- Girl Scouts of Eastern Pennsylvania's "Summer of Sisterhood" Returns to Camp Valley Forge
- Best Companies Group Launches Best Places to Work in Maine Program
- InterMountain Announces the Opening of TownePlace Suites Reno
- MAG Magna Corp Targets Trillion-Dollar Opportunity by Tokenizing Rare Earth Assets Critical to AI, EVs, & Defense: MAG Magna Corp.: Stock Symbol: MGNC
- SnapTax Launches AI-Powered Tax Planning Platform for Freelancers and 1099 Workers — Now Free for 90 Days
- A.M. Logging Highlights Essential Landscaping Supplies for Spring Projects in Central Pennsylvania
- Congressional Roundtable Exposes Mental Health Crisis: More Spending and Treatment, Worse Results – CCHR Demands Accountability
- Attorney Joseph C. Kreps Files Lawsuit to Stop Alabama State Board of Pharmacy's Unlawful "Revenue-First" Rulemaking
- NAIDOC Week Australia 2026 | 50 Years Deadly - Celebrates Culture, Resilience, and Global Connection
- Solo Researcher Builds Three Novel AI Architectures From Scratch, Including Post-Transformer Model
- JBlair Communications Launches "NextLevel Spotlight" to Elevate High School/Collegiate Athletes
- R&B Artist Mike Davis Announces Debut Full-Length Album Full Circle, Releasing April 7
- Aurelius Dunbar Earns Prestigious NWCA NCAA Div. I Scholar All-American Honors for 2025-2026 Season
- Second Annual "Autism In Bloom" Event By D&D Journey Promotes Autism Awareness Month
- PlanetAI Nature Space (PNS), certificadora Europea, lanza su plataforma EUDR-PNS Ready basada en IA, satélites y trazabilidad blockchain
- Rhealize Strategic Talent Advisory Co-Founder Dona Baker to Speak at DisruptHR YEG 15.0 in Edmonton on Hiring Innovation
- Instant IP Teams: Bringing Enterprise-Grade Collaboration to IP Protection at the Speed of Thought
- Primo Sewer Cleaning Acquires Industry-Leading Hydro Jetter Mongoose Jetter Model 123
- UK Financial Ltd Confirms CATEX Exchange Integration of SMPRA and LTNS 1 Ahead of Compliance-Based Trading Activation
- Best Companies Group Opens Free Registration for Best Credit Unions to Work For Program