Brief: Citizens Community Bancorp - unaudited interim, audited annual financial statements for fiscal years ended Sept. 30, 2014 should not be relied upon

Citizens Community Bancorp

29/12/2016 21:01

Dec 29 (Reuters) - Citizens Community Bancorp Inc  CZWI.O : 
    * Citizens Community Bancorp Inc - investors should no 
longer rely upon preliminary earnings release for quarterly 
period ended September 30, 2016 
    * Citizens Community Bancorp - determined certain 
professional and other expense accrual items were overstated 
during fiscal years ended Sept 30, 2014, 2015 
    * Citizens Community Bancorp- disclosure controls, 
procedures were not effective as of Sept 30 because of material 
weakness in evaluation of expense accruals 
    * Citizens Community Bancorp- may determine to take 
additional measures to address control deficiencies or determine 
to modify certain of remediation measures 
    * Citizens Community Bancorp - unaudited interim, audited 
annual financial statements for fiscal years ended September 30, 
2014 should not be relied upon 
    * Citizens Community Bancorp- unaudited interim financial 
statements for qtrly periods ended Dec 31, 2015, march 31, 2016, 
June 30, 2016 should not be relied upon 
    * Citizens Community Bancorp- financial statements shouldn't 
be relied upon due to errors related to accrual for professional 
expenses for restated periods 
    * Citizens Community Bancorp Inc - has begun to remediate 
material weakness 
 
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