Autodesk says no restatements following accounting probe

Autodesk, a provider of 3D design, engineering, and construction software, said it won’t restate several years of financial statements following an audit committee investigation into potential accounting misconduct.

The company announced the results of its probe Friday, after previously disclosing April 1 that it initiated an internal investigation regarding its free cash flow and non-generally accepted accounting principles (GAAP) operating margin practices. The probe focused on fiscal years 2022-24.

“The company’s management has determined that there will be no restatement or adjustment of any audited or unaudited, filed or previously announced, GAAP or non-GAAP financial statements,” Autodesk said.