Words similar to restatements

Example sentences for: restatements

How can you use “restatements” in a sentence? Here are some example sentences to help you improve your vocabulary:

reforms in response to issues raised by significant restatements of financial statements and corporate failures were placing greater emphasis on the roles and responsibilities of boards of directors.
It is important to recognize that rules alone will not effectively resolve the problems that resulted in massive restatements of financial statements and ultimately bankruptcy of certain public companies.
Recent legislative and regulatory initiatives, such as the Sarbanes-Oxley Act of 2002, Securities and Exchange Commission (SEC) proposals and rules, and proposed revised stock exchange listing requirements, have addressed weaknesses in corporate governance exposed by the major financial reporting issues raised by restatements and corporate failures, placing greater emphasis on the roles and responsibilities of boards of directors.
Participants also noted that unfortunately, as a result of the recent major financial reporting issues leading to restatements and, in some cases, bankruptcy, board members have focused on the rules and may be concerned more about their personal reputation and financial liability rather than focusing on protecting shareholders' interests and adding shareholder value.
Securities and Exchange Commission (SEC) data disclosed that until 2001, Andersen generally had a lower rate of earnings restatements for its public company audit clients than did other major accounting firms.