Financial Restatements Database
The premier standard for accounting quality research
The Audit Analytics Restatement database covers all SEC registrants who have disclosed a financial statement restatement in electronic filings since January 1, 2000.
- Benchmark accounting quality by industry, peer group, market cap, and more
- Identify financial restatements by severity - revision restatements vs reissuance restatements
- Filter financial restatements by impact on income and retained earnings, regulator (DOJ/SEC) involvement, industry, and location
- Identify auditor of record at disclosure date, during the period restated, and opinion period end during restated period
- Analyze common reasons for financial restatements, including revenue recognition, GAAP failures, financial fraud, and accounting issues
We helped establish the industry standard of categorizing restatements as either Reissuance (“Big R”) or Revision (“Little r”) Restatements. Big R restatements address a material error that calls for the complete withdrawal and republishing of past financial statements. Little r restatements deal with errors that aren’t so material as to completely undermine previous financial restatements, but are material enough to be corrected in historical accounts in current financial statements.
Find financial restatements filed in accordance with rules ASC 250 and SAB 99.
| Module | Audit + Compliance |
|---|---|
| Source | SEC Filings / 8-K, 8-K/A, 10-K, 10- Q, 10-Q/A, 10-K/A, 10KSB, 10KSB/A, 20-F, 20-F/A, 40-F and 40-F/A |
| Coverage | All ’33 & ’34 Act Filers |
| Data Since | 2000 |
| Updated | Daily |
| Availability | Online • Data Feed • Excel • WRDS |
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