2023 restatements report
Access one of our most anticipated reports of the year, covering twenty years of trends in financial restatements. In this report you can find out which accounting issues were the most common, the impact of restatements on company value and scale and top issues broken down by industry.
Plus, find out if the 2021 SPAC influx was just a flash in the pan or had lasting impact.
- Financial statements must adhere to GAAP or IFRS to protect investors and comply with SEC regulations.
- Companies correct errors through reissuance (material), revision (immaterial) or out-of-period adjustments impacting investor confidence.
- The decision between restatement methods hinges on materiality, emphasizing the need for accurate and decision-useful financial information.