Sentence examples for two restatements from inspiring English sources

Interpublic has already endured difficulties that include a Securities and Exchange Commission investigation of accounting irregularities; two restatements of earnings dating to 1996; a suspension of the dividend; repeated misses of earnings estimates; and several downgradings of corporate debt, to one level above junk status.

Ousted Chief of American International Group Challenges $4 Billion Restatement of Earnings In documents presented to regulators by his lawyers, Maurice R. Greenberg, the former chief executive of the American International Group, challenges the rationale for its $4 billion restatement, calling many of the items exaggerated and unnecessary.

However, the while the Japanese firm forced a ¥71 billion restatement of dubious valuation of certain acquired assets, the firm signed off on the financial statements in the same year that contained questionable figures other members of its global network in UK and elsewhere had apparently expressed grave reservations over.

The bad news included sharply lower profitability at its largest division, larger-than-expected declines in net income, falling revenue, more problems at a struggling motor sports unit and two additional restatements totaling $165.7 million in addition to previously disclosed restatements of $181.3 million.

The problems were revealed about a year after two earlier restatements at Veritas.

The eventual fallout included four more restatements and $240 million in fines and civil settlements, with two more cases pending.

The shareholders sued Interpublic after the company's stock fell in the wake of three unexpected restatements of financial results because of accounting irregularities.

Over the last four years, nearly one in five accounting restatements -- red flags for potential misconduct -- have been by companies in California, according to a study by Arthur Andersen, the accounting firm.

The eventual fallout included four more restatements and $240 million in fines and civil settlements.

Enthusiasm for Take-Two shares up over 100% in 12 months–hasn't been diminished by a U.S. Securities and Exchange Commission investigation into its accounting practices, seven quarters of restatements and the fact that the company went through two finance chiefs in as many years.

"In this situation, with four years of restatements, you have a much better chance of demonstrating that they were a primary wrongdoer".