Earlier this month, PACCAR, the parent company of Peterbilt and Kenworth, was fined $225,000 by the SEC. The reason for the fine was an accounting problem, according to the company’s CFO, Bob Christensen. The company failed to report earnings before income taxes from aftermarket part sales. If you don’t have a team of experts handling your company’s finances, you could end up paying for it in the long run.
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