Howard, LLP

Archive for July 2019

Why do companies restate financial results?

Every year, research firm Audit Analytics publishes a study about financial restatement trends.┬áMany of these amendments were due to minor technical issues, however. Any time a company restates its financial results, it raises a red flag and prompts stakeholders to dig deeper. Reasons for restatement The Financial Accounting Standards Board (FASB) defines a restatement as […]