Adjustments
Go beyond financial restatements to track all accounting adjustments and errors for US public companies.
The Ideagen Audit Analytics out of period adjustments database tracks corrections of errors in prior financial statements that do not materially affect past or present financials.
Uncover error corrections buried in footnotes
Benchmark severity of adjustments against companies with similar accounting issues
Filter by impact on net income, accounting issues, industry, and more for all out of period adjustments filed since 2009
Easily identify adjustments that involve SEC investigations, accounting rule (GAAP/FASB) application failures, financial fraud, irregularities and misrepresentations, errors and other significant issues
Key data points include auditor of record, adjustment period, impact on income and equity and the text of the disclosure
Due to the assessment of immateriality, out of period adjustments do not require a restatement of the prior financials and are recorded as a one-time charge (benefit) in the current period.
Rule: ASC 250