A customer browses the Mattel Barbie dolls section of a now closed Toys ‘R’ Us store.
Chris Ratcliffe | Bloomberg | Getty Images
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Shares of Mattel spiked more than 12% during extended trading after the company announced that its audit committee completed its independent investigation into alleged accounting fraud. Some of the findings include errors in public financial statements in the last two quarters of 2017, and a determination that other allegations in an August whistle-blower letter were either “unfounded or immaterial,” the company said in a press release.
The toy-maker also separately announced that CFO Joseph J. Euteneuer will…