• Home
  • About
  • Webcasts
  • ‘Enforcement 40’ for 2020
  • Enforcement Hall of Fame
  • Contact
Securities Docket
Securities-Docket-Leaderboard_9Sec
  • Class Actions
  • Criminal
  • Global
  • People
  • SD Insider
  • SEC
  • Video
  • Subscribe by email
  • Subscribe
Browse: Home / Restatements

Restatements

Companies Fixing More Errors by Revisions Than Restatements

By Securities Docket on January 31, 2020, 12:28 pm

Companies have increasingly corrected accounting mistakes through revisions as the volume of restatements plummeted over the past decade. The informal corrections allow companies to avoid the fanfare of a full restatement with the requisite press releases and SEC filings—possibly masking a broader problem for investors. One study found that almost half of revisions had an […]

Posted in Industry, SEC, Top | Tagged Restatements

Number of Restatements Continues to Decline | The D&O Diary

By Securities Docket on June 27, 2018, 10:18 am

Financial restatements among U.S public companies hit their lowest level in years in 2017, according to the latest annual report from Audit Analytics. The total number of restatements declined in 2017 to a 17-year low and the number of reissuance restatements (those requiring withdrawal and reissuance of previously released financial reports) declined for the eleventh […]

Posted in SEC, Top | Tagged Restatements

Akorn settles U.S. SEC claims stemming from financial restatement

By Securities Docket on March 28, 2018, 12:40 pm

Akorn Inc and two former executives have agreed to settle claims stemming from inaccurate financial statements the generic drugmaker issued in 2014 that it later needed to restate, the U.S. Securities and Exchange Commission on Monday said. via Akorn settles U.S. SEC claims stemming from financial restatement.

Posted in SEC, Top | Tagged Restatements, Settlements

General Electric reveals SEC investigation of insurance reserve review

By Securities Docket on January 24, 2018, 12:40 pm

The Securities and Exchange Commission has opened up an investigation of General Electric’s accounting practices in the wake of the conglomerate’s review of its insurance business. GE also revealed plans to restate its 2016 and 2017 financial results. via General Electric reveals SEC investigation of insurance reserve review

Posted in SEC, Top | Tagged Restatements

Financial Restatements Continue to Decline for U.S. Reporting Companies | The D&O Diary

By Securities Docket on June 13, 2017, 11:41 am

Financial restatements among U.S public companies hit their lowest level in years in 2016, according to the updated annual report of Audit Analytics. As a result of heightened standards as well as the decreased numbers of listed companies, the share U.S. companies restating their prior financial statements hit their lowest level since 2010 and the […]

Posted in SEC, Top | Tagged Restatements

Surviving a Restatement: Ten Pitfalls to Avoid

Surviving a Restatement: Ten Pitfalls to Avoid

By Securities Docket on September 9, 2016, 8:49 am

Please join Brad Bondi and Michael Wheatley of Cahill Gordon & Reindel for this free webcast.

Posted in Industry, SEC, Top | Tagged Restatements, Webcasts

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

By Securities Docket on May 6, 2016, 7:31 am

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 […]

Posted in SEC, Top | Tagged Restatements

CSC Discloses $190 Million Settlement Agreement with SEC | Compliance Week

By Securities Docket on December 30, 2014, 11:42 am

Computer Sciences Corp. disclosed yesterday that it has agreed to settle an SEC enforcement action against it related to accounting errors in the company’s FY 2009-2012 financial statements. As part of the settlement, CSC will pay a penalty of $190 million and restate past financial statements. via CSC Discloses $190 Million Settlement Agreement with SEC […]

Posted in SEC, Top | Tagged Restatements

Diamond Foods Announces Audit Committee Investigation Findings

Diamond Foods Announces Audit Committee Investigation Findings

By Securities Docket on February 9, 2012, 4:18 pm

Company’s financial statements for fiscal years 2010 and 2011 will need to be restated.

Posted in SEC, Top | Tagged Internal Controls, Restatements

More Trouble for Groupon IPO: Groupon Restates Revenue, COO Exits

More Trouble for Groupon IPO: Groupon Restates Revenue, COO Exits

By Securities Docket on September 26, 2011, 11:09 am

Restatement cuts company’s stated revenue for 2010 to $312.9 million, down from $713.4 million previously reported.

Posted in Industry, SEC, Top | Tagged Restatements

Next »

‘Enforcement 40’ for 2020

Ankura 260x250

Our Sponsors

Securities-Docket_260x125_14Sec Ankura 260x125

Join Us On LinkedIn

Join the Securities Litigation and Enforcement Group on LinkedIn

Archives

Copyright © 2021 Securities Docket.

Powered by WordPress and Hybrid.