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.
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.
General Accounting Office (GAO) report highlighted the increasing frequency and changing nature of corporate earnings restatements.
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.