INFUSYSTEM HOLDINGS, INC.
Climate Impact & Sustainability Data (2016-09-30, 2023)
Reporting Period: 2016-09-30
Environmental Metrics
Climate Goals & Targets
Environmental Challenges
- Error in audited financial statements for fiscal year ended December 31, 2015, and unaudited financial statements for fiscal quarters ended March 31, 2015 through June 30, 2016. Overstatement of estimated accounts receivable collections, leading to overstated revenues and pre-tax income.
Mitigation Strategies
- Preparing amended Annual Report on Form 10-K for fiscal year ended December 31, 2015, and amended Quarterly Reports on Form 10-Q for periods ended March 31, 2016 and June 30, 2016.
Supply Chain Management
Climate-Related Risks & Opportunities
Reporting Period: 2023
Environmental Metrics
Climate Goals & Targets
Environmental Challenges
- Evaluation of potential errors related to 1) classification of certain expenses included in general and administrative costs that should have been included in cost of sales, and 2) the adoption and ongoing application of Accounting Standards Update No. 2016-02, Leases (Topic 842), referred to as ASC 842.
- Change of independent registered public accounting firm in 2023 requiring coordination with the predecessor firm to audit reclassification adjustment and restated footnote disclosures associated with ASC 842, and to reissue their opinions and consents for the years ended December 31, 2022 and 2021.
Mitigation Strategies
- Additional time to complete procedures to finalize the Annual Report.