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Mattel, PricewaterhouseCoopers buried accounting issues

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Thomas the Tank Engine arrives at Strasburg Rail Road for Thomas & Friends: A Day Out with Thomas Tour 2014 at Strasburg Rail Road Museum on September 12, 2014 in the Ronks community of Lancaster County, Pennsylvania.

Lisa Lake | Getty Images Entertainment | Getty Images

Mattel stock slumped more than 3% Wednesday after a report surfaced purporting that the toy company and its auditor PricewaterhouseCoopers obscured an accounting error.

The toymaker was forced to shelve the sale of senior notes in August when a whistleblower letter was made public, claiming the company had made accounting errors in historical periods. In late October, Mattel said auditors had completed their investigation



Source cnbc.com

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