GAAP compliance, the company is conducting a comprehensive review of other financial statement line items and related accounting policies. ![]() The errors primarily relate to the application of accounting standards to projects, including the timing of capitalization for software development projects and the categorization of costs eligible for capitalization. Generally Accepted Accounting Principles (GAAP) concerning the company’s policies for capitalizing software development costs. This delay is attributed to the need for additional time to address certain accounting errors and to restate previously issued financial statements.ĭuring the preparation of the financial statements, Inspired, in collaboration with its independent registered public accounting firm, KPMG LLP, identified accounting errors related to compliance with U.S. ![]() Inspired Entertainment has informed stakeholders of a delay in finalizing its financial statements for the third quarter ending September 30, 2023.
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