Daily Archives: May 6, 2016, 10:09 am

Surviving a Restatement: Ten Pitfalls to Avoid | NACD Directorship Magazine

The audit committee plays an important role in navigating a restatement—from investigating errors and their origins to overseeing the restatement process. A mishandled restatement can lead to a prolonged SEC investigation, increased exposure to liability in civil litigation, loss of confidence by lenders, and potential delisting by an exchange. To survive a restatement, audit committees should avoid the following pitfalls.…

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