July 19, 2018

chronic issues

ICYMI: WFT’s Tax Accounting Is Still a Giant WTF

By its own admission, Weatherford International has pretty awful internal controls. Back in March 2011, the company's disclosed that controls (and employees) for its tax function were virtually non-existent and it led to a $500 million error. The team in the C-suite was pretty disappointed with this development and the company replaced their Chief Accounting […]