Valeant Finds No Additional Accounting Issues in Probe

The company has completed an internal review and found no new accounting issues, allowing them to proceed with filing their delayed financial statement by April 29. Missing this deadline could negatively impact their debt situation and lead to further pressure from lenders and rating agencies. The board is also focused on finding a new CEO following Mike Pierson's departure. Once these issues are resolved, the company aims to return to normal operations.

What was the outcome of the company's internal review?

• They formed a new ad hoc committee.

• They found no additional accounting issues.

• They decided to delay the financial statement indefinitely.

• They found several new accounting issues.

What is the new deadline for the company's financial statement?

• March 15

• June 1

• May 15

• April 29

What could happen if the company misses the new deadline?

• They will receive a bonus from lenders.

• They might face pressure from lenders and potential downgrades.

• They will be unaffected.

• They will automatically get an extension.

What is the board's current priority following Mike Pierson's departure?

• Expanding the ad hoc committee

• Delaying the financial statement

• Reducing investor confidence

• Finding a new CEO

What is expected to happen once the financial statement is filed and a new CEO is in place?

• Investors will feel more at ease.

• The company will shut down.

• The company will face more scrutiny.

• Investors will panic.