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Tag: Financial Restatement

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Restating Financial Results

In the first half of 2021, there was a surge in financial restatements. The reason relates to guidance issued by the Securities and Exchange Commission, requiring special purpose acquisition companies

Inventory Management WIP Non-GAAP Metrics Reduce Billing Bottlenecks Auditor Independence Accounting Methods Year-End Financials Auditing Revenue Recognition Inventory Management System Access To Capital M&A Due Diligence What Is Materiality Job-Costing Systems Technology Bank Reconciliation Cybersecurity New Segment Expense Disclosure Rules QuickBooks To Prepare 2024 Budgets Safeguard Organization Assets Offsetting Rules Inventory Count negotiation M&A Accounting Monthly Financial Close Shareholder advance Payroll challenges Prepare for audit QuickBooks income tax Crypto Accounting Percentage-Of-Completion Financial Statement PCAOB Overhead Mileage in QuickBooks UTPs Cross-Train Employee Benefit Plan Audits Accounts Receivable

Why Do Companies Restate Financial Results?

Every year, research firm Audit Analytics publishes a study about financial restatement trends. In 2018, the number of public companies that amended their annual reports increased by 18 percent. Many