Saba says scope of restatements expanded for under-recording of billable hours

theflyonthewall.com

Subsequent to August 6 and in connection with the company’s work on the restatement, the company also identified instances of consultants recording fewer billable hours than actually expended on projects. As a result of these findings, the scope of the restatement has been expanded to address accounting implications arising from the under-recording of billable hours beyond those in which consultants from the company’s India consulting group were involved.

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