One broker-dealer that employed Mr. Morris, Searle & Company, has twice restated its annual income, once earlier this month, adding millions of dollars in placement fees that were previously undisclosed.
Cardinal then began an internal investigation that resulted in restating annual and quarterly financial statements going back three years.
American International Group, the largest U.S. insurance company, filed its 2004 annual report with the U.S. Securities and Exchange Commission on Tuesday, restating financial results for 2000 through 2003 and adjusting the firm's 2004 results.
American International Group, the huge insurance company that is being investigated by state and federal regulators over accounting issues, filed its long-awaited 2004 annual report with the Securities and Exchange Commission on Tuesday, restating financial results for 2000 through 2003 and adjusting the firm's 2004 results.
Interstate Bakeries, the maker of Wonder Bread and Hostess Twinkies, is delaying the filing of its annual report with the Securities and Exchange Commission because it is restating earnings for its second and third quarters.
It restated its annual financial results to recognize that there was substantial doubt it could stay in business.
The Association of Corporate Credit Unions asked the board to make the change retroactive, so that 2008 annual reports could be restated.
The chief financial officer of the tour operator TUI Travel has quit after a £117m accounting blunder forced the company to restate its annual results.
Last November, Enron announced that it would restate its annual financial statements from 1997 to 2000, resulting in a cut in cumulative profits of nearly $600m and an increase in debts of $630m.
In each annual report, consequently, we restate the economic principles that guide us.
