CLO manager admits accounting error

A listed credit fund has disclosed that it has been booking income from CLO equity positions incorrectly

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TAGS: KCap

Comment by: Anonymous. Posted 3 years ago [2015-03-18 00:02:04]

This recent miscue seems less pernicious than the 2010 offense. I expect it will bring unpleasant memories if the SEC calls. What's with the auditor, though? Where are they in this story?