Question
In the June 7-8, 2014 weekend edition of The Wall Street Journal, an article entitled Accounting Errors Hit Hertz Hard caught auto industry analyst Abby
In the June 7-8, 2014 weekend edition of The Wall Street Journal, an article entitled Accounting Errors\ Hit Hertz Hard caught auto industry analyst Abby Devinss attention. Devins recalled that Hertz had\ hinted in March about the possibility of having to restate its 2011 financial statements, but by June the\ situation appeared worse than previously anticipated. Hertz Global Holdings, Inc., read the article,\ would have to restate and correct results from the past three years, according to a regulatory filing\ Friday that indicated more widespread accounting problems at the auto-rental company than had been\ thought.1 The article also mentioned that Hertzs stock had closed down about 9% in Fridays trading.
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