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Results for restatements. Search took 0.24 seconds.
Missing earnings targets: career consequences
in Sox First, on September 30, 2008
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Last year, I did a blog entry looking at how firms with restatements had bigger turnovers of chief executive officers and chief financial officers. Now that's supported in a new study, CEO...
What's caused the explosion in restatements?
in Sox First, on March 22, 2008
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There has been a dramatic increase in restatements over the last few years. It's been estimated that the number made in 2006 was three times the amount from 2003. But what's driving the in...
Restatement signals
in Sox First, on February 26, 2008
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What impact do restatements have on the share price ? Do investors pick up signals before the company decides to come clean? And how do companies that overstate their earnings perform before ...
Learning the Sarbox ropes
in Sox First, on December 1, 2007
...w is the Compliance Week report showing that material weaknesses have plunged and there are fewer restatements from large companies. And the 2007 Protiviti Risk Barometer shows that businesses are...
Restatements: CEO, CFO and top management turnover
in Sox First, on November 16, 2007
If you are a manager, chief financial officer or auditor working for a company that comes out with a restatement, start looking for another job. That's the only conclusion you can draw from a new study from Anup Agrawal and Tommy Cooper who are both at the University of Alabama's C...
Financial statement fraud gangs
in Sox First, on October 2, 2007
...as based on a sample collected by the Government Accountability Office of 834 companies that issued restatements between January 1, 1997, and June 30, 2002. The authors, Robert Tillman and Michael Ind...
Who Is Solving the Problems?
in Bizinformer, on July 17, 2007
...ine community will provide the brainpower. The goal will be to generate a wide variety of problem restatements. You as client can then sift through them and determine which are worth pursuing further....
Mending SOX - more work ahead
in Sox First, on April 7, 2007
...ny Accounting Oversight Board has proposed a new standard requiring auditors to distinguish between restatements that arise from changes in accounting principles and those that are due to errors. The...
Boom for litigants
in Sox First, on March 23, 2007
...r more. Accounting issues were at the centre of 55 per cent of all cases, and 35 per cent involved restatements. The figures also show that institutions with deep pockets are playing a bigger role. T...
Restatement roundup: why Sarbanes-Oxley is here to stay
in Sox First, on March 2, 2007
...riously dumb in light of a report from research firm Glass Lewis, reported here, which shows that restatements are going up but for larger companies, it's heading the other way. Why is this hap...
Backdating: The Al Capone solution
in Sox First, on February 20, 2007
...olding less payroll taxes), and subjects the company to costly internal investigations and possible restatements of finances," Rich Duprey writes. "While the companies and their employees ma...
McAfee fires Weiss after stock-options probe
in The Search Engine Weblog, on October 15, 2006
...e provider, fired President Kevin Weiss after it found some accounting problems that need financial restatements. Ousting of Weiss was made after a thorough investigation on the matter.
It was also a...
Apple & HP: a study in contrasts?
in Sox First, on October 5, 2006
Two significant developments, two significant companies. And initially, it looks like a study in contrasts. California Attorney General Bill Lockyer has charged ousted Hewlett-Packard chairwoman Patricia Dunn and four others with conspiracy and fraud for their roles in the hamfisted company pro...
This restatement is a one-off. For now
in Sox First, on March 28, 2006
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With restatements booming as never before, a new study suggests we are seeing the emergence of "serial restaters". According to the Glass Lewis & Co study, of nearly 2000 publ...
Accounting and shell games
in Sox First, on March 16, 2006
...re than 4-years after Enron - and with the trials of Skilling and Lay finally starting - accounting restatements continue to balloon higher each year, and the SEC has yet to prosecute a major case of ...
SOX: A Work In Progress
in Sox First, on March 7, 2006
... that compliance spending by US companies will hit $28 billion next year. It also coincides with restatements hitting record numbers in 2005 , double the number in 2004 and three times the amount i...
SOX: pain and gain
in Sox First, on December 31, 2005
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More evidence about the impact of SOX Section 404 with restatements of earnings hitting an all-time record according to the latest figures from Glass Lewis . The firm, which provides research f...