Groupon responds to SEC inquiry on accounting
Sunday, November 18, 2012 2:36 PM
Posted by gamefbi
SAN FRANCISCO (Reuters) - Groupon Inc, responding to regulators' inquiries into a controversial revision of its fourth-quarter results and handling of refunds, has promised to shore up disclosure but stopped short of agreeing to outline the performance of individual products from travel to concert deals. The U.S. Securities and Exchange Commission asked Groupon in August to provide a wealth of information and explain its reporting on a plethora of financial metrics. ...
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