Tag:
Restatement
Latest Headlines
Latest Headlines
Financial restatements back on the upswing
Audit Analytics reports that the number of financial restatements rose in 2010 to 735, up 7.6 percent the year before. The increase in restatements broke a string of three straight years of decline,
A Golden Era of ... clawbacks?
Have clawbacks--as embodied by Section 304 of Sarbanes-Oxley and the new Dodd-Frank legislation--come of age as an accepted tool for fighting fraud? There seems to be something of a mindset shift
Study: 404 reduces likelihood of misstatements
The war over Sarbanes-Oxley has been politicized from the start--which in some ways is lamentable. If we could somehow reduce the fight to more mundane matters, we all probably wouldn't have gotten
Are some restatements mistakes?
Companies that are forced to restate earnings often do so to correct past accounting mistakes. This is usually taken as a positive sign, an indication the company is making amends of some sort. But
Unintended consequence: Sarbox clawback helps execs keep money
Recall that Section 304 of Sarbanes-Oxley offered what everyone thought was a clawback provision: If an issuer is "required to prepare an accounting restatement due to material noncompliance," the
What to make of the Morgan Stanley bonus news?
Bonuses, specifically whether to pay them or not, have been a huge issue as of late, one made more complicated by the fact that the top banks have all accepted (with no choice) TARP funds. Morgan
