Easing the Pain During Financial Restatements - "Extreme makeover," or a corporate restatement, can't be accomplished in an hour like a TV reality show -- It may take weeks, even months. A well-developed plan with special attention to cost management is essential. Corporate officers must focus on the scope of the restatement and the people involved -- Both within the company and concerned external ...
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Financial Restatements: Causes, Consequences, and Corrections - In today's corporate world, "extreme makeover" isn't a TV show but a major corporate restatement, which can cost millions. Thanks to the Sarbanes-Oxley Act and well-publicized corporate accounting failures, many companies are focusing on their accounting systems and tightening controls. One controller of a large company, for example, ...
By: Linn, Erik Published: (2005)