Financial Restatements 2016 - A Sixteen Year Comparison

The annual Audit Analytics report on financial restatement trends includes data from the full year 2016 and provides a detailed analysis and comparison of trends in financial restatements over a sixteen-year period. Highlights from the research include; After six years of relatively stable restatement counts from 2009 to 2014, the quantity of restatements dropped again in 2016. Also in 2016, about 59.1% of the restatements disclosed by publicly traded companies (on NYSE, NASDAQ, or NYSE MKT (formerly Amex)) had no impact on earnings, the second highest during the last nine years reviewed.

Audit Analytics