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The Arthur Andersen study of accounting restatements from 1997 to 2000 showed that 27percentt of the restatements nationwide had been filed in the software and computer industries.
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El Paso Sees Restatement From Reserves Cut.
The restatements result from the financial collapse last June of Jupiter Media Metrix, a company that combined Web audience measurement with Internet prognostication.
Last year, there were 270 restatements, up from 233 in 2000 and just 116 in 1997; the number of restatements so far this year is not available.
For only one firm was there no link between client size and the frequency of restatements: Andersen.From all this, it is hard to see what auditors achieve, besides allowing clients to comply with the Securities and Exchange Commission's rules on financial statements.
According to a 2003 study by the comptroller of New York State, between 1995 and 2002, when companies were increasingly tying bonuses to earnings, the number of earnings restatements increased from 44 to 240.
So far this year, it has settled claims of $75 million arising from income restatements at Waste Management, $7 million from a related S.E.C. civil suit and claims of $110 million in Sunbeam's collapse.
Not only will this make your restatement different from the original, it will help draw connections with important elements from the essay/speech.
Most of the restatement came from the consolidation of two SPEs.
The Times said the restatement resulted from changing the way it accounts for "bonus days," in which sample weekday newspapers are distributed to Sunday subscribers, and for papers distributed in a joint marketing program with the Spanish-language daily La Opinion.
Most restatements, 51percentt, came from companies with annual revenue of less than $100 million, the group said.
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CEO of Professional Science Editing for Scientists @ prosciediting.com