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This week, MDC Partners said it expects to file its overdue third-quarter financial statements with the U.S. Securities & Exchange Commission.
The Toronto-based holding company said the delay was caused by “relatively minor and insignificant matters” that will cause those results—and possibly those from earlier quarters—to be restated.
MDC appointed a new auditor, KPMG, at the start of the year, and the accounting firm began a more detailed review of the company’s balance sheet in the third quarter.
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