Baxter international says financial statements as of dec 31, 2018 & 2017, for yrs ended dec 31, 2018, 2017 & 2016, should no longer be relied upon

Baxter international - financial statements as of dec 31, 2018 & 2017, for yrs ended dec 31, 2018, 2017 & 2016, should no longer be relied upon.baxter - believes use of previous exchange rate convention to generate non-operating forex gains & avoid losses had occurred for at least 10 yrs.baxter - impact of correcting misstatements of non-operating forex gains, losses relating to earlier periods will reduce opening retained earnings.baxter - has reassessed its conclusions regarding effectiveness of company's internal control over financial reporting as of dec 31, 2018.baxter - determined that one or more material weaknesses in internal control over financial reporting existed for reporting period as of dec 31, 2018.baxter - expects to report one or more material weaknesses as of dec 31, 2019 in its annual report on form 10-k for year ended dec 31, 2019.
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