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Americanas directors resign after accounting inconsistencies

This Wednesday, the 11th, the financial market received very shocking news. In a publicity made by the group Americans, it was revealed that inconsistencies were found in the company's accounting, in the amount of billions of reais.

These errors caused two directors, who had recently assumed the positions, resign. They are: Sérgio Rial, CEO, and André Covre, CFO of the company.

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With the departure of Rial and Covre, who are Chief Executive Officer and Investor Relations Officer, respectively, the Board of Directors of Americanas chose to appoint the already veteran executive João Guerra, in a way interim.

It should be noted that this analysis of the company's accounting was done on a preliminary basis, and will be further in-depth, with inquiries carried out by independent auditors. But, according to the statement issued by the group and with the signatures of the former directors, “there were detected accounting inconsistencies reducing the supplier account carried out in previous years, including the year of 2022”.

In the document signed by the former CEO and CFO, it is also stated that only after a more detailed investigation carried out by auditors independent experts “it will be possible to adequately determine all the impacts that such inconsistencies will have on the financial statements of the Company".

The Brazilian financial market did not change much with the news, at least until the night of on Wednesday, and on the B3, the company's shares were up 0.76% on the day, being traded at BRL 12. The combined valuation of Lojas Americanas and B2W stands at approximately R$11 billion.

Finally, as claimed in the aforementioned document, a permanent committee will be created by the Board of Administration, seeking to deepen and have greater knowledge about such inconsistencies verified in a way preliminary. Despite this, more is still unknown about the impacts of such accounting inconsistencies, as well as the next steps in relation to such an event have not yet been revealed.

Now, it remains to wait to follow the development of the situation.

Lover of movies and series and everything that involves cinema. An active curious on the networks, always connected to information about the web.

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