Accounting commentators have noted the decline of such cases – as well as the financial restatements that often precede them – for some time now. Moreover, because the marquee financial ...

Restatements are necessary when it is determined that a previous statement contained a "material" inaccuracy. This can result from accounting mistakes, noncompliance with generally accepted ...

Publicly traded companies filed 1,876 restatements of financial results in 2006, setting a record for corrections of financial statements while showing that many still are struggling to get the ...

Financial restatements filed with the Securities and Exchange Commission are on the decline for the second consecutive year after a spike in 2021. Restatements decreased by roughly 6%, from 458 in ...

A team of researchers in the MSS Department is researching the use of text mining to detect fraud from the EDGAR database. EDGAR -- the Electronic Data Gathering, Analysis, and Retrieval system — ...

The Restatements primarily relate to warrants issued in January 2022 and March 2022 that were reclassified as liabilities rather than as equity, which requires the warrants to be remeasured each ...

A study conducted by the Center for Audit Quality (CAQ) found that the number of financial restatements filed with the SEC fell by more than 50% over a recent 10-year period. Research by the CAQ, ...

The Company does not expect the Restatements to set forth material changes to the financial information presented in the Company’s preliminary earnings release dated May 7, 2025 (the ...