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Stock Market & Financial Investment News

News Breaks
June 3, 2014
12:03 EDTWRLDWorld Acceptance drops after saying auditor needs more time
World Acceptance disclosed last night that it was notified by its independent registered public accounting firm, KPMG, that KPMG will require additional time to complete the audit of the company’s consolidated financial statements for the fiscal year ended March 31, 2014. KPMG was unable to complete its audit procedures by May 30, "without unreasonable effort or expense," the company stated. World Acceptance added that it expects its financial statements to be "materially consistent" with previously reported numbers. Shares of World Acceptance are down 3%, or $2.09, to $77.48 in midday trading.
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