01:31 PM EST, 11/13/2024 (MT Newswires) -- The head of compliance for Archer-Daniels-Midland ( ADM ) is leaving the company for personal reasons amid an ongoing investigation into its accounting practices, Bloomberg reported Wednesday, citing a company spokesperson.

Ben Bard's departure comes a week after Archer-Daniels-Midland ( ADM ) said it had found more errors in its accounting. Bard is set to depart early in the upcoming year following a period of transition, according to the report.

Ten months ago, the company disclosed that it was cooperating with the US Securities and Exchange Commission on a probe over similar mistakes concerning the way it reports transactions between businesses, Bloomberg reported.

The firm scrapped its quarterly earnings conference call with analysts hours before its planned commencement. The firm mentioned in a regulatory filing Tuesday that it is postponing the release of Q3 results due to the need to correct errors in prior reports, according to the news outlet.

ADM did not immediately reply to a request for comment from MT Newswires.

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