While some figures in financial statements are relatively straightforward, others are more complex. Some of the more complex figures require judgments about future events. For example, a certain number of accounts receivable will not be collected, but neither the actual … Continue
As severe financial crisis has spread from Greece to larger countries such as Spain and Italy, voices warning against exposure to sovereign debt have gotten louder. The Cypriot government’s attempt to impose up to a 9.9% tax on bank deposits … Continue
2012 showed positive trends for financial restatements. While the total number of restatements over the last four years appears to have leveled off, a closer look at the underlying indicators of severity reveal much more positive results. The percentage of revision … Continue