Saturday, Dec 10, 2016
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Hertz audit reveals accounting errors

NEW YORK — Hertz Global Holdings Inc. said that it has to review and correct its financial reports from the past three years after an audit by the car rental company found accounting errors.

The announcement, made in a government filing Friday, sent Hertz shares down 9 percent.

The Park Ridge, N.J., company said it will restate financial statements from 2011 and will correct and possibly restate statements from 2012 and 2013.

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