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Audit Analytics Trend Reports12 page report
published Sep 25, 2009
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$87.00 available for immediate download
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Audit Analytics Trend Reports
Analyzes the financial consequences of stealth restatements filed in 2008. A stealth restatement is any restatement revealed in a periodic report without a prior disclosure in Item 4.02 of an 8-K. A review of issues shows “Comprehensive Income Issues” produced the largest percentage of stealth restatements while the lowest percentage occurred from restatements involving “Foreign, Related Party, Affiliated, or Subsidiary Issues.” A Big 4 breakdown of cash flow restatements shows that clients of the Big 4 filed only about one- third of the stealth restatements. See full report for impact on net income and cash flow, complete with tables and charts.
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| Source: | Audit Analytics
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| Author: | Audit Analytics Trend Reports
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| Document ID: | 14
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| Free Sample: |
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| Format: | | PDF |  |
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Audit Analytics delivers timely, in-depth audit and compliance research on over 20,000 public companies and 1,500 accounting firms.