Financial statements restatement

Advanced financial accounting - Lecture 30: Accounting policies, changes in accounting estimates and errors. The main topics covered in this chapter include: profit and loss account; statement of retained earnings; prospective application; retrospective restatements;... Please refer to the lecture for details!

21p hanlamcoman 26-11-2022 7 2   Download

The study aims to analyze the relationship between corporate social responsibility and financial restatements. The study is conducted to check whether a CSR firm has to make less financial restatement. For this purpose, a sample of 150 non-financial firms are selected over the period of 2011-2018. The data are gathered from annual reports of these firms. Results of Logit regression analysis shows that CSR and financial statements are not significantly related with each other.

5p tociitocii 24-04-2020 9 1   Download

Using a sample of firms that restated earnings, this study seeks to evaluate the performance of alternative discretionary accrual models along two dimensions: earnings management detection and accuracy (the ability to accurately estimate the magnitude of managed earnings).

21p vimadrid2711 18-12-2019 16 1   Download

The Jumpstart Our Business Startups Act of 2012 (hereafter, JOBS Act) creates a new category of firms, referred to as “Emerging Growth Companies” (hereafter, EGCs). Section 107 of the JOBS Act, titled “Opt-In Right for EGCs,” gives EGCs the choice to take advantage of an extended transition period for complying with new or revised accounting standards.

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This paper examines whether an audit office resource allocation shock stemming from late-filing clients is associated with the audit quality of the other timely-filing clients in that audit office. I find that timely-filing clients are more likely to subsequently restate their financial statements when there are late-filing clients in the same audit office. Using audit fees as a proxy for auditor effort (resource allocation).

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Chapter 10 - Analysis of foreign financial statements. In this chapter we will discuss: Overview of financial statement analysis, reasons for analyzing foreign financial statements, problems encountered in analyzing foreign financial statements, possible solutions to problems encountered in analyzing foreign financial statements, restating foreign financial statements to U,S, GAAP illustrated.

29p nomoney2 10-02-2017 31 1   Download

Chapter 10 - Analysis of foreign financial statements. This topic will describe: Overview of financial statement analysis, reasons for analyzing foreign financial statements, potential problems in analyzing foreign financial statements, possible solutions to problems associated with analyzing foreign financial statements, restating foreign financial statements to U.S. GAAP illustrated.

27p nomoney2 10-02-2017 46 1   Download

Oracle Big Data Appliance brings Big Data solutions to mainstream enterprises. Built using industry-standard hardware from Sun and Cloudera’s distribution including Apache Hadoop, the Big Data Appliance is designed and optimized for big data workloads. By integrating the key components of a big data platform into a single product, Oracle Big Data Appliance delivers an affordable, scalable and fully supported big data infrastructure without the risks of a custom built solution.

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The variables measuring the independence and financial expertise of the board and audit committees, the CEO’s influence on the board, and data on auditors’ fees were hand collected from the latest proxy statement dated before the announcement date of a restatement. We measure these variables before the restatement announcement because firms may change the structure of their board or audit committee or replace their CEOs after restating their earnings.

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Any gain or loss from disposal of a segment of a business (product sector), together with the results of these operations until the date of disposal, are reported separately as discontinued operations. The financial information of a discontinued segment of business is excluded from the respective captions in the consolidated financial statements and related notes. Comparative figures for prior periods are restated accordingly.

57p bin_pham 06-02-2013 55 5   Download