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How To Approach Claims Of Financial Statement Manipulation

Law360, New York (November 23, 2016, 9:55 AM EST) -- Michael Braverman

Christopher Ekimoff When a company announces that it is restating its financial statements, questions quickly arise as to how and why this occurred: Was it due to an error (i.e., mistake), or was there a deliberate attempt to deceive investors and users of its financial statements and perhaps enrich officers' own pockets? Despite the issuance of numerous rules and changes in standards over the past 15 years aimed at curbing fraudulent reporting (not to mention the number of related high-profile cases), accounting irregularities persist....
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