Restatement Essay

Financial Restatement Paper Financial Restatement Paper University of Phoenix ACC/537 After the introduction of the Sarbanes Oxley Act lots of companies have had to submit financial restatements in their financials. This paper is to examine the financial restatements that have been done by Kodiak Energy Inc. over the past several years due to incorrect reporting on the value of their stocks. Kodiak Energy entered into an agreement

The National Collegiate Athletic Association’s (NCAA) motion to dismiss at the US District Court for the Western District of Pennsylvania involves Plaintiff Matthew Onyshko’s (Plaintiff) claim that his health issues resulted from the NCAA’s negligence to inform, protect, and mediate student-athletes that are exposed to head related injuries. This memorandum will establish the relationship that the two parties share and the extent that the duty of care applies to this relationship. By analyzing NCAA’s

Restatement of Huron Consulting Group, Inc.: The Effect on Financial Statement and the Affect on Stockholders Abstract Huron Consulting Group, Inc. provides business consulting services in diverse industries in regard to improving performance, complying with complex regulations, resolving disputes, recovering from distress, leveraging technology, and stimulating growth. On July 31, 2009, the Company made the announcement that it will restate its financial statements for the fiscal years 2006

The Second Restatement of Contracts is very clear about the situations where acceptance is made by silence or exercise of dominion. Section 69 of the Second Restatement of Contracts provides, (1) Where an offeree fails to reply to an offer, his silence and inaction operate as an acceptance in the following cases only: (a) Where an offeree

Accounting restatement has been a hot subject for academic research since the recent high profile financial reporting failures. Much of the academic research on restatements has explored the causes and consequences of financial statement restatements (Kinney and McDaniel 1989; Dechow et al. 1996; Hribar and Jenkins 2004; Kinney et al. 2004; Palmrose et al. 2004; Desai et al. 2006; Karpoff et al. 2008; Plumlee and Yohn 2010; Schmidt and Wilkins 2011). This investigation is driven by the assumption

ON THE UNIVERSALITY OF RAWLSIAN JUSTICE John Rawls argues for an universal standard of justice, conceived as “Justice as Fairness”. Rawls presents his standard of justice as a framework of principles for determining optimal and fair resolutions among persons in society. In this essay, I will analyze Rawls’s principles of justice and his original position and contemplate a utilitarian response to the original position while critiquing the universality of the original position. Lastly, applied to

and firm size and its correlation to financial restatements. A client’s restatements suggest low audit quality because it indicates that the client’s financial statements are not in line with GAAP. I analyzed a sample of 250 firm-year restatements from public companies during 2008 to 2012. I gathered the data using COMPUSTAT and AuditAnalytics. For my results, I have found that auditor tenure has a negative correlation with financial restatement. I also found that industry expertise has a negative

and firm size and its correlation to financial restatements. A client’s restatements suggest low audit quality because it indicates that the client’s financial statements are not in line with GAAP. I analyzed a sample of 250 firm-year restatements from public companies during 2008 to 2012. I gathered the data using COMPUSTAT and AuditAnalytics. For my results, I have found that auditor tenure has a negative correlation with financial restatement. I also found that industry expertise has a negative

4. Currently management has two problems on their hands. The first and most pressing is the fact that they have to issue a restatement of previous years’ financial statements due to accounting errors associated with premature revenue recognition. The second problem, which may have contributed to the first problem, is the fact that the company’s revenue streams are drastically

industry. During this analysis, the retail group peaked our interest because it represents a significant portion of the restatements that have occurred within the consumer discretionary industry. However, these restatements have significantly lowered from the years 2000-2015. We decided to delve into the matter further to try and determine why the retail industry has more restatements and why they have been decreasing in recent years. We wanted to narrow the retail industry into a niche categorical