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Some companies have since restated earnings, stopped trading or simply closed up shop.
The company has since restated its profits downward by about $600 million, and it is likely that more profits will be forgotten before the scandal is over.
However, the government has since restated its commitment to the policy.
The firm has since restated its finances going back to 2000, and in October announced that it had lost $21.3 million on revenue of $766.4 million for the nine months ended Aug. 31.
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Freddie Mac has not provided quarterly financial reports since restating its profit higher by $5 billion in 2003.
Dell Inc., the personal computer maker, said yesterday that it would resume its stock-buyback program with a $10 billion repurchase, the first since it restated four years of earnings.
Before we do that, the basic approach to vitamins and minerals can be restated, since few changes have occurred since the health classes taught in grade school.
Network Associates, the subject of two federal accounting investigations, filed reports with the Securities and Exchange Commission yesterday showing restated results since 1998 because of a change in revenue recognition.
Shares of the Nvidia Corporation, which has restated profit since 2000 amid a federal accounting inquiry, fell nearly a third after the maker of computer-graphics chips warned that revenue for its just-completed second quarter would fall well short of expectations because of weak demand for personal computers.
But since these can be restated without the language of identity they are not problems about identity.
The list of companies facing accounting scandals grows longer by the week.Almost 1,000 American companies have now restated their earnings since 1997, admitting in effect that they had previously published wrong or misleading numbers.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com