Avaya’s audit committee is investigating allegations from a whistleblower, according to an SEC filing — though the matter appears to be separate from a major Avaya revenue shortfall that the board also is investigating.

Among the key takeaways from the August 9, 2022 filing:

• Avaya is “unable to file, without unreasonable effort and expense, its Quarterly Report on Form 10-Q for the fiscal quarter ended June 30, 2022 (the “Form 10-Q”).”
• The audit committee of Avaya’s board has “commenced an internal investigation to review the circumstances surrounding the Company’s financial results for the quarter ended June 30, 2022.”
• The audit committee has “engaged outside counsel to assist in these investigations and has notified the Securities and Exchange Commission (the “SEC”) and the Company’s external auditor, PricewaterhouseCoopers LLP, of its investigations. As the investigations are not complete, the Audit Committee requires additional time to complete its initial assessments.”
• “Furthermore, and separately, the Audit Committee has also commenced an internal investigation to review matters related to a whistleblower letter that remains ongoing.”

In a separate press release, Avaya shared preliminary Q3 financial results. Among the areas of concern: Revenue was $577 million, down 20% year over year in constant currency.

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