Archer Daniels Midland (ADM) Issues Update on Audit Committee Led Investigation

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Go back to Archer Daniels Midland (ADM) Issues Update on Audit Committee Led Investigation

ADM Provides Update on Audit Committee Led Investigation

March 12, 2024 7:01 AM EDT

No Impact on Consolidated Financial Results

CHICAGO--(BUSINESS WIRE)-- ADM (NYSE: ADM) today provided an update with respect to the internal investigation led by the Audit Committee of its Board of Directors regarding certain accounting practices and procedures with respect to ADMs Nutrition reporting segment, including as related to certain intersegment sales. The investigation was initially disclosed in January 2024.

Our strong commitment to compliance and integrity in our financial reporting is evidenced by the diligence and breadth with which the Audit Committee has conducted its internal... More