The feds are scrutinizing Under Armour amid suspicions it has been fudging its financial records, according to the Wall Street Journal.

BALTIMORE, MD — Federal investigators are reportedly looking into the numbers coming out of Baltimore-based Under Armour. The athletic-wear company's accounting practices are said to be under review by the Department of Justice and Securities and Exchange Commission.

Those affiliated with the company were interviewed in Baltimore this week by officials from the justice department conducting a criminal investigation and members of the SEC handling the civil probe, the Wall Street Journal reported. The allegation is that Under Armour moved around its sales numbers from one quarter to another to make it look as though it was doing better than it was, according to the newspaper.

Since the investigation began in 2017, Under Armour has been cooperating, a spokesperson for the company told CNBC. According to the spokesperson, the company believes its actions were above board.

Kevin Plank, who founded Under Armour, announced in late October that he would be stepping down as chief executive officer in 2020.

Under Armour has a third-quarter earnings call with investors scheduled for Monday morning.