Brian Stevens faces some challenges as Groupon's new chief accounting officer.
The daily deals site found itself in financial hot water earlier this year after admitting to an accounting error that triggered a higher fourth-quarter loss and lower sales than initially reported. This past April, the company was forced to restate results for last year's final quarter, increasing the net loss by $22.6 million and cutting revenue by $14.3 million.
The accounting snafu triggered shareholder lawsuits and concerns from the Securities and Exchange Commission. The "material weakness" in controls over its financial statement followed … Read more