Securities Law News

Hill International, Accounting Chief Accused of Accounting Fraud

Jan. 17, 2020, 12:35 AM

Hill International Inc., its chief accounting officer, and a senior accountant were sued by the SEC Thursday in a New York federal court over alleged accounting fraud and disclosure violations stemming from multiple reporting errors at the construction management firm.

Hill allegedly issued materially false and misleading financial statements between May 2014 and March 2017 because of, among other things, mishandled foreign currency exchange losses. Hill resubmitted its financial statements for those years in 2018, resulting in a reduction to Hill’s net earnings of more than $30 million, according to the Securities and Exchange Commission.

Ronald Emma, Hill’s chief accounting...

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