Financial Restatements
Download or Read eBook Financial Restatements PDF written by Orice Williams and published by DIANE Publishing. This book was released on 2007-12 with total page 211 pages. Available in PDF, EPUB and Kindle.
| Author | : Orice Williams |
| Publisher | : DIANE Publishing |
| Total Pages | : 211 |
| Release | : 2007-12 |
| ISBN-10 | : 9781422309179 |
| ISBN-13 | : 1422309177 |
| Rating | : 4/5 (79 Downloads) |
Book Synopsis Financial Restatements by : Orice Williams
Book excerpt: In 2002, it was reported that the number of restatement announcements due to financial reporting fraud &/or accounting errors grew significantly between Jan. 1997 & June 2002, negatively impacting the restating companies¿ market capitalization by billions of dollars. The author was asked to update key aspects of the 2002 report. This report discusses: (1) the number of, reasons for, & other trends in restatements; (2) the impact of restatement announcements on the restating companies¿ stock costs & what is known about investors¿ confidence in U.S. capital markets; & (3) regulatory enforcement actions involving accounting- & audit-related issues. Includes recommendations. Charts & tables.
