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The Macy’s accounting disaster: CIOs, this could happen to you.

The Macy’s accounting nightmare is only getting worse, with the $24 billion retailer telling the SEC on Wednesday that both its annual report from last year and its auditor report “should no longer be relied on.” Although the amount “hidden” was only $151 million — at the high end of Macy’s original estimate of “$132 million to $154 million” — the retailer…