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Audits

Hertz Broadens Earnings Restatements to Three Years

In addition to restating 2011 financial statements in June, the Audit Committee of the Hertz Board of Directors has found that the 2012 and 2013 annual and quarterly financial statements must also be restated and can no longer be used.

Hertz Accounting Practices Questioned

Hertz Global Holdings Inc.’s Audit Committee of the Board of Directors has found that the financial statements for 2011 can no longer be used and must be restated. In addition, Hertz needs to fix the 2012 and 2013 statements to reflect these errors.

Hertz Bankruptcy! Do I Have Your Attention?

Hertz is suing a research firm that lists it as one 20 companies with the highest probability of declaring bankruptcy. Who made the claim, on what basis and how is the market reacting?