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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.
News For WRLD From The Last 14 Days
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September 8, 2014
12:18 EDTWRLDOn The Fly: Midday Wrap
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11:02 EDTWRLDWorld Acceptance upgraded to Buy from Neutral at Sidoti
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09:27 EDTWRLDWorld Acceptance drops 9% to $70.40 after auditor KPMG resigns
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05:28 EDTWRLDWorld Acceptance announces resignation of auditor KPMG
World Acceptance disclosed post close Friday that it was informed by KPMG that KPMG would not respond to the company’s recent request for proposal to serve as the company’s independent registered public accounting firm and that KPMG resigned as the company’s current independent registered public accounting firm. World Acceptance said it is in the final stages of selecting a new independent registered public accounting firm. The audit reports of KPMG on the consolidated financial statements of the company as of and for the years ended March 31, 2014 and 2013 did not contain any adverse opinion or disclaimer of opinion, nor were they qualified or modified as to uncertainty, audit scope, or accounting principles, it added.

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