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  • What We Do
    • Accounting Advisory
      • Accounting Research and Standards Implementation
      • Audit Preparation and Support
      • Finance Effectiveness
      • IPO Readiness and Support
      • M&A Transaction Support and Accounting
      • Part-Time and Interim Accounting Roles
    • Capital Advisory
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      • Business Valuation
      • Forensic Accounting
      • Litigation Support
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      • Enterprise Risk Management
      • Fraud Assessment
      • IPO Readiness
      • IT Compliance
      • Operational Reviews
      • Outsourced / Co-sourced Internal Audit
      • Process and Systems Optimization
      • SOX Compliance and Controls Evaluation
    • IT Advisory
      • Disaster Recovery and Business Continuity Planning
      • IT Change and Project Management
      • IT Controls & Governance
      • System Requirements & Selection Services
    • Risk Management and Compliance
      • Anti-Money Laundering Compliance
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Why do companies restate financial results?

Home > Archives for July 12, 2019

Why do companies restate financial results?

Accounting AdvisoryBy Arthur FredetteJuly 12, 2019

Every year, research firm Audit Analytics publishes a study about financial restatement trends. In 2018, the number of public companies that amended their annual reports increased by 18%…

Recent Insights

Updated Guidance for Impairment Testing: When to Consider Triggering Events

April 7, 2021

On March 30, the Financial Accounting Standards Board (FASB) published an updated accounting standard on events that trigger an impairment test under U.S. Generally Accepted Accounting Principles (GAAP). This simplified alternative may provide relief to private companies and not-for-profit entities that have been adversely affected by the COVID-19 pandemic. Here’s what you should know....
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4 Ways to Improve the Effectiveness of Your Audit Committee

March 26, 2021

Audit committees face many challenges in 2021. As the economy rebounds from the COVID-19 pandemic, there are new dimensions to the oversight roles and responsibilities of the audit committees. Consider taking the following four steps to fortify your committee’s effectiveness....
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