BANGKOK -- Fabrinet will push back the filing of its annual report for the year ended June 27, citing accounting violations regarding consignment shipments and inventory. 

Fabrinet expects to file its Form 10-K by next week.

A board-led investigation into accounting cut-off issues, specifically procedures surrounding consignment revenue, identified certain "process weaknesses" concerning shipments of goods to consignment and the need for certain remedial measures, the firm said. Among the recommendations were process improvements, personnel training regarding revenue recognition policies and inventory management techniques and their relevant accounting considerations, and undisclosed personnel actions.

On Sept. 10, Fabrinet notified the SEC that it would need an extension up to 15 days to file its Form 10-K. The company missed that deadline due to evaluations and discussions with auditors of its accounting practices concerning consignment goods, however.