March 12, 2013
Financial Restatement Trends Report

Audit Analytics has just released its annual report on financial restatement trends. This report, which includes data from the full year 2012, provides detailed analysis over an twelve-year period.

Highlights from the research include:
  • Restatements from US accelerated filers have increased for the third straight year, totaling 245 for 2012, up from 202 in 2011.
  • Restatements disclosed by non-accelerated filers are declining, with 386 for 2012, down from 396 in 2011.
  • The average number of days restated (the restatement period) was 534 during 2012, marking the fifth year in a row with a period near 500 days.

View the Audit Analytics report: 2012 Financial Restatements A Twelve Year Comparison.