Sentence examples for restate statements from inspiring English sources
Enron has said that it will restate statements that Andersen certified and that those statements should no longer be relied upon.
Biomet, a maker of orthopedic devices, will restate financial statements for 2006 because of improper accounting of stock-option grants.
Moscow CableCom said it would restate financial statements for the second quarter, third quarter and full year of 2005 as well as the first quarter of 2006 because of errors in the accounting for deferred income taxes.
The Italian bank's board of directors was replaced with new directors chosen by Banca Popolare di Lodi, a rival Italian bank which has a large stake in Antonveneta and which also launched a bid last week.See articleAmerican International Group said it would restate financial statements for four years, reducing the company's net worth by $2.7 billion (or 3.3%).
The company previously announced that its audit committee determined it would need to restate financial statements relating to fiscal years 2004 to 2006 and interim periods of fiscal 2006 and 2007.
But when the company announced on Thursday that it will have to restate financial statements dating back three years after an internal investigation found mortgage-lending violations, investors breathed a collective sigh of relief sending Beazers shares up 2.9%, or 28 cents, to $10.21, on Thursday afternoon.
Pre-Paid Legal Services Inc. restated financial statements for the last two years, wiping out more than half its profit, after the Securities and Exchange Commission said the provider of legal insurance improperly recorded some commissions paid as assets.
While the restated financial statements consolidated the results of two partnerships and the LJM1 subsidiary, they did not fold the entire LJM1 partnership or the LJM2 partnership into Enron's financials.
Restate thesis statement for it to have a greater impact on readers.
"Issues have surfaced that have caused the company to restate its financial statements and advise investors that they should not rely on Enron's financial statements or our audit reports.
The transactions led A.I.G. to restate its financial statements for the years 2001 to 2004.
