HP Said Files Amendment No. 1 On Annual Report On Form 10-k For The Fiscal Year Ended October 31, 2022; Said Identified Material Weaknesses In Internal Control Over Financial Reporting, Concluded Material Weaknesses Were Present As Of October 31, 2022
Portfolio Pulse from Charles Gross
HP has filed an amendment to its annual report on Form 10-K for the fiscal year ended October 31, 2022. The company identified material weaknesses in its internal control over financial reporting and concluded that these weaknesses were present as of October 31, 2022.
September 11, 2023 | 9:16 pm
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HP's amendment to its annual report reveals material weaknesses in its internal control over financial reporting. This could potentially impact investor confidence and the company's stock price.
The identification of material weaknesses in HP's internal control over financial reporting could lead to a lack of investor confidence, which may negatively impact the company's stock price in the short term. The severity of the impact will depend on how the company addresses these weaknesses.
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