Questions about accounting practices drive SEC investigation into Fluor, internal probe for Granite

Two of the country’s most significant contractors have delayed their full calendar year 2019 economical reporting in order to far more totally glimpse into accounting and estimating methods.

The Securities and Exchange Commission is investigating Fluor Corp. in relation to large demand-offs the corporation took in the 2nd quarter of 2019, and Granite Building has introduced an interior investigation into prior-period accounting in its significant civil division.

According to an examination from Seeking Alpha e-newsletter service provider GS Analytics, the Fluor charges revolve all around “unrealistic estimates” of challenge prices less than its prior executive administration team and not its

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