
Core Viewpoint - Inspired Entertainment, Inc. is under investigation for potential violations of federal securities laws and unlawful business practices following the discovery of accounting errors in its financial statements dating back to January 1, 2021 [1][2]. Financial Reporting Issues - On November 8, 2023, Inspired Entertainment announced accounting errors related to the capitalization of software development costs under U.S. GAAP standards, necessitating a restatement of financial results [2]. - The company delayed the release of its third-quarter 2023 financial results to address these issues, and the Audit Committee determined that financial statements from January 1, 2021, onwards should no longer be relied upon [2]. Market Reaction - Following the announcement of the accounting errors, Inspired Entertainment's share price fell by 10.40 per share on November 8, 2023, to close at $7.33 on November 9, 2023 [3].