The original title: three reasons to benefit Whirlpool The first two years after the correction of net profit correction to 189 million In the evening, Whirlpool publishes a number of announcements, including a notice of corrections to the company's previous accounting errors. According to Whirlpool announcement, there are three reasons for the company's accounting errors, the company in 2015 and 2016 attributable to the parent company's net So there is down, the adjustment rate of nearly 200 million yuan. Director Ding Huiren that Whirlpool reason why the above accounting errors, because the company did not follow , On sale The confirmation is obvious ,its Flawed. Whirlpool released "on the early accounting errors correction notice" shows that the accounting errors will be corrected to reduce the company in 2015 and 2016 to achieve the attributable to the parent company shareholders 100 million yuan, 89.92 million yuan, two years total profit reduction of 189 million yuan. In addition, the accounting errors will be reduced to the cumulative reduction of the company 2015, 2016 The total assets of 182 million yuan, 317 million yuan. Reporter noted that, , Whirlpool shares affected by the above matters to open low, the day fell 2.17%, the total market value decreased by about 145 million yuan. Looking back, Whirlpool was in 2017 Issued a notice of major issues suspension, and in the evening of the 26th announcement that the company found mainly in the sales discounts in the 2015 and 2016 year there are accounting errors, The initial estimate of the amount of the error of about 250 million to 300 million yuan. In the discovery of accounting errors, the company first hired a practice , Related business qualification Conduct further investigation, verify and determine the amount of accounting errors, and evaluate the impact of the accounting errors on the previous year's financial data. "Daily Economic News" reporter noted that Whirlpool in the evening of October 15 at the same time released, there are security Bright Office (special general partnership) (hereinafter referred to as " ) Issued And major accounting errors correction special report. Said it Issued a standard unqualified opinion Report, on this basis, Ernst & Young Huazhong also on the Whirlpool major accounting error correction special instructions to implement a limited guarantee The Whirlpool nearly 200 million yuan of net profit reduction is not a small number, then why the accounting errors appear? October 16, "Daily Economic News" reporter called Whirlpool to understand the situation, the company's securities affairs respondent said, the relevant reasons and impact, please see the announcement. Whirlpool Announcement Disclosure, Company with The level of accounting errors and the reasons that include: in the sales discount and As a result, there are fewer sales discounts, late payments and accruals in 2015 and 2016 due to misconduct and lack of awareness and attention to compliance with the relevant operational processes. This includes making and selling discounts related to the process Inconsistent with the adjustment table, the company failed to timely with some customers Wait. In addition to the above, due to the inefficiency and part of the business-related processes in this section The failure also led to less sales in 2015 and 2016 with the electricity business platform related to sales The accounting error. in Aspects, the company sales, marketing, financial and logistics departments of some employees there is a violation And the relevant company policy, resulting in the existence of the company has not yet shipped goods that is confirmed sales of the situation, the behavior led to the existence of more than the relevant fiscal year income; there is also a mid-sales revenue confirmation, resulting in inaccurate income recognition. Some of the managers of the company know the above behavior, at least part of the company's management staff in the supervision and prevention of the occurrence of such problems there is oversight. in In addition to sales discounts and revenue recognition issues, since the first quarter of 2016 The cost of carrying forward computer system failure, related Not timely write-off, resulting in the sale of products have less operating costs of the situation. In this regard, Ding Huiren to the "Daily Economic News" reporter pointed out that the accounting errors have been due to objective reasons, but also because of subjective reasons, from Whirlpool's reasons, mainly because "did not follow the accounting standards, sales revenue The confirmation is clearly wrong, inside the company Flawed. " For this accounting error, Whirlpool said the company has taken and will further implement the corrective measures, including personnel involved in misconduct personnel to take disciplinary action, and sales discounts and revenue recognition and related policies and processes degree. At the same time, the Board of Directors said that in the future work, should further establish and improve the internal control system, strengthen the relevant business, financial and management training. At the same time to remind the company to further strengthen the management Work to avoid similar things happen.
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