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Addus HomeCare Corporation Message Board

  • axconnith axconnith Mar 14, 2014 9:20 PM Flag

    Internal controls.

    Spoke with a CPA about the "weakness" in internal controls at ADUS.

    Although it would be better if there werent any growing pains, this hiccup isnt the end of the world. The company is hiring consultants and instituting changes. It is upgrading its payroll system and enhancing IT controls.

    The company has stated it does not expect any impact to financial statements in its annual report for 2013.
    Good to see the company get in front of the issue quickly. If it was anticipating restating one or more periods this would be a much different issue.

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