Your English writing platform
Discover LudwigSuggestions(3)
Exact(1)
Mounting concerns about valuing the trades led the company to announce that its earnings for the first quarter were no longer reliable and would be restated.
Similar(50)
And on Sunday, Qwest Communications International said it had exaggerated revenue and understated costs over the last three years and would be restating its financial results for those years after an internal investigation.
Last month New Century said it would be restating its earnings, triggering investigations into how it has accounted for its bad loans.Last week the company was forced to stop offering new loans because it could not obtain financing; its bankers say it has defaulted on payments.
Its latest round of troubles reached a peak in July 2002, when Amerco disclosed that it would be restating its results for fiscal 2000 and 2001, after Pricewaterhouse said it had to shift $900 million in debt held in special-purpose entities onto its books.
It had previously estimated that earnings for 2000, 2001 and 2002 would have to be restated downward by about $500 million.
He said meetings with the national staff began last Wednesday and continued through the weekend, until a hastily called meeting of the MicroStrategy board Sunday at which it agreed that both the 1998 and 1999 financial statements would have to be restated.
Enron, once a rocket fueled by new-wave business and accounting practices, admitted yesterday that its financial records for the past four-and-a-half years were false and would have to be restated.
The board has also dismissed the controller, Matther Marini, in connection with the investigation, and said it had not yet determined whether fiscal 1999 results would also have to be restated.
Some results may be restated.
The point always has to be restated.
Then can be restated as (2.9).
Write better and faster with AI suggestions while staying true to your unique style.
Since I tried Ludwig back in 2017, I have been constantly using it in both editing and translation. Ever since, I suggest it to my translators at ProSciEditing.

Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com