2006-09-22 07:00:51 · 6 answers · asked by Rong T 1 in Business & Finance ➔ Corporations
A restatement is a revision of the original statement.
2006-09-22 07:03:38 · answer #1 · answered by WJVV 4 · 0⤊ 0⤋
In financial reporting, it means a corporation's correction to the figures of former financial statements such as annual reports, etc. It often happens when items on these statements have been estimated wrong, or when the accounting didn't satisfy certain accounting rules set forth by the exchange commissions. In any case, beware, it's usually no good sign! It might indicate attempted reporting fraud, or its possibility in the future.
2006-09-22 14:07:23 · answer #2 · answered by jarynth2 2 · 0⤊ 0⤋
if u are writing once again means restatement
2006-09-22 14:01:52 · answer #3 · answered by siva1013 3 · 0⤊ 0⤋
"a restatement is an admission that material financial information is inaccurate"
2006-09-22 14:08:46 · answer #4 · answered by OneRunningMan 6 · 0⤊ 0⤋
what is restatement?
2006-09-22 14:02:31 · answer #5 · answered by slsmjr 1 · 0⤊ 0⤋
restatement
example ...well tidy house reflects its owner...the house you have says alot about you
possibly
2006-09-22 14:05:18 · answer #6 · answered by chaz 2 · 0⤊ 0⤋