Kyndryl to review accounting practices, execs depart
Kyndryl is reviewing its cash management and financial reporting after an SEC request, the CFO departed, shares plunged, and the quarterly filing was delayed.
At IBM spinoff Kyndryl, the stock dives 50% after an accounting probe and CFO exit: 'The red flags are already out' | Fortune
Kyndryl faces an SEC-driven audit review of cash management and internal controls, delaying filings while senior finance and legal executives depart and stock plunges.