Construction software vendor Autodesk disclosed April 1 that it is conducting an internal investigation into its own accounting practices and is putting off the release of its annual financial report. The technology company also released new embodied carbon calculation and AI-assisted design tools recently.
In a U.S. Securities and Exchange Commission filing, Autodesk, Inc., said it was unable to file its annual report for the year ended January 31, 2024 (Form 10-K) and after its earnings release on February 29 information was brought to the attention of management, which informed its audit committee and the board of directors, which caused the audit committee to begin an internal investigation with the assistance of outside counsel and advisors, regarding Autodesk's free cash flow and non-GAAP operating margin practices.