"There are technical rules on when a restatement should occur," he said.
For even when the restatement is taken into account, it seems that Nortel did indeed return to profit in the second half of last year.
It was also about a kind of articulate expressiveness and about conveying ideas with a freshness as if they had only just occurred to him, as in the last movement of the Franck, when the restatements of the theme sounded more like improvisations than like voices in a canon.
Triggers for such clawbacks can now include "restatements," when a bank's earnings on a given deal end up lower than originally thought.
Tyco plans to announce the restatement today when it reports earnings for its fourth fiscal quarter, the executives said.
Household International surprised investors yesterday when it announced a $389 million restatement of earnings from as far back as 1994, but the company's executives still certified its quarterly report.
The banks were enraged: They had already agreed to a yearlong extension when Rite Aid announced its first restatement and now would have to wait two more years to get paid, if ever (S&P had just downgraded the company's debt to CCC+ from BBB-).
When beginning your conclusion with the restatement of your thesis, avoid using phrases such as "In conclusion" or "As this paper has shown".
Pynchon, in his novel "Gravity's Rainbow," paraphrased incompleteness by mapping it onto Murphy's Law, "that brash Irish proletarian restatement of Gödel's Theorem — when everything has been taken care of, when nothing can go wrong, or even surprise us … something will".
Some studies have indicated that financial restatements are more likely when a new auditor is brought in, but the data involved makes it hard to know if there is a causal connection.
