By Sheryl Estrada
Publication Date: 2026-02-10 12:35:00
Good morning. Kyndryl Holdings is the latest Fortune 500 company to face an accounting and internal control review, prompting a delay in its filings.
The tech company, formerly IBM’s managed IT services business, disclosed on Monday that its audit committee is reviewing the company’s accounting following voluntary document requests from the U.S. Securities and Exchange Commission’s (SEC) Division of Enforcement.
According to a Monday SEC filing, the company’s audit committee is examining its cash management practices, related disclosures (including how it presents adjusted free cash flow), the effectiveness of internal control over financial reporting, and related matters in response to the SEC’s voluntary information requests. This review is delaying completion of the quarterly report and the company’s internal control assessment, but at this time, the company does not expect any impact on its consolidated financial statements.
CFO David Wyshner and General…