Autodesk says it has concluded accounting audit, shares pop By Investing.com

Autodesk’s (NASDAQ:) shares surged Monday after the company announced that its internal investigation concluded without necessitating any restatements or adjustments to prior financial statements.

The conclusion of the investigation, which was disclosed after Friday’s market close, provided relief to Autodesk investors, sending the stock up 9% following the Monday opening bell.

Initially, on April 1, Autodesk reported finding discrepancies related to its “free cash flow and non-GAAP operating margin practices.” This discovery led to a delay in the filing of its 10-K report for the fiscal year ending January 31, as the company launched a thorough internal review of these issues.

“We appreciate your patience as we work through this important process,” CEO Andrew Anagnost said Friday. “We take situations like this very seriously, and are grateful to put the investigation behind us.”

Commenting on the latest developments, analysts at Oppenheimer said they expect ADSK shares to “react positively with the investigation overhang removed without a negative restatement to past results or adjustments to future profitability KPIs [key performance indicators].”