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Liberty Tax has announced it has received its third notice of failure to comply with Nasdaq Stock Market listing requirements. Two have been received for failure to file Form 10-Q and one for no longer having independent directors on its audit committee.

Liberty has until June 11, 2018 to file the Form 10-Qs for the quarters ended Oct. 31, 2017 and Jan. 31, 2018. The tax preparation company has blamed the delays on the December resignation of outside auditor KPMG.

Liberty says it is working to find a new accounting firm and expects to file the financial statements as soon as possible after engaging an auditor.

The company has also been granted an extension until May 31 to comply with Nasdaq rules that require its audit committee must have at least three independent audit members.

Last modified on Friday, 16 March 2018
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