Barrett Business Services Inc. (NASD: BBSI) confirmed that the filing of its Form 10-K for the year ended Dec. 31, 2015 with the Securities and Exchange Commission will be delayed. Additionally, Nasdaq on March 16 notified the company that it continues to be out of compliance with Nasdaq’s rules for continued listing because it has not filed the form.

Barrett terminated CFO James Miller on March 3 after he informed the company’s audit and compliance committee that he made unsupported journal entries in the company’s financial records during each calendar quarter of 2013.

Barrett previously announced its audit committee has engaged a “Big Four” accounting firm to conduct an independent forensic accounting investigation of Barrett’s financial records for the five years beginning Jan. 1, 2011, as well as the first quarter of 2016. In addition, Barrett’s independent auditor, Moss Adams LLP, began work Monday on an audit of Barrett’s 2015 financial statements, as well as on the restatements of the company’s financial statements for 2014, 2013, and 2012.

Nasdaq in November granted Barrett an exception until April 29 to file its Form 10-Q for the quarter ended Sept. 30, 2015. Barrett must submit an update to its original plan to regain compliance with Nasdaq's listing rules by March 31. Any additional exception granted to allow the company to regain compliance will not extend past May 9. 

Barrett currently intends to file its 2015 third quarter Form 10-Q, its amended quarterly reports on Form 10-Q for the first and second quarters of last year and its amended annual report on Form 10-K for the year ended Dec. 31, 2014, as well as unaudited financial results for the fourth quarter and full year ended Dec. 31, 2015, no later than April 29. The company also intends to file its 2015 Form 10-K no later than May 9, 2016.