Navy shipbuilder Austal USA agrees to pay $24 million to settle accounting fraud probe - MarketWatch
Austal USA admits to accounting fraud, pays a $24 million fine. The company misled investors about financial conditions between 2013-2016. False profit inflation led to overstated earnings in financial statements. Austal USA will implement a compliance program and monitor for three years. Three former executives face charges related to the fraud scheme.
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