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Topline
Credit Suisse on Tuesday disclosed it found “material weaknesses” in its financial reporting processes for 2021 and 2022 that could have resulted in “misstatements” of financial results, marking the latest blow to the crisis-ridden bank as it released its delayed 2022 annual report.
Key Facts
The weaknesses include the lack of effective risk assessment to identify misstatements in its financial reporting and a lack of effective oversight.
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