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Granite sees opportunity from federal stimulus, addresses accounting irregularities

On the call, Larkin explained the company’s internal investigation uncovered issues related to the timely recording of forecasted costs in its heavy civil group. Since taking over leadership last fall, he said he’s headed a “cultural reinvigoration” to emphasize clear-cut rules and promote transparency.

“We have spent a lot of time reflecting on our core values and developing a framework that encourages and allows our employees to fully understand and comply with all our policies and procedures,” Larkin said.

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