McKesson Sees Accounting Fix
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SAN FRANCISCO — McKesson HBOC Inc., whose share price dropped 47% Wednesday after it announced accounting problems in its software unit, said Thursday it hopes to complete an audit and corrections by mid-June.
McKesson, the largest U.S. drug wholesaler, wants the audit by outside accountants, Deloitte & Touche, to be completed in time to mail the results to shareholders with its proxy statement, spokesman Larry Kurtz said.
McKesson on Wednesday restated earnings, reducing fiscal 1999 profit by 4.4%.
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