The Big Four audit firm has had a streak of accounting problems surface recently at U.S. companies it audits, including an uptick in high-profile restatements. Its clients account for three of the five biggest restatements so far this year, measured by cumulative impact on net income, according to a Wall Street Journal analysis of data from research firm Audit Analytics.
Companies audited by PwC have been more prone over the last couple of years than clients of the other Big Four firms to do the most serious type of restatement, the analysis found. These involve a company alerting clients to a problem and reissuing its financial statements.
PwC also stands out for another type of restatement. These involve a company quietly updating past financial statements without having to alert investors. Although these “Little r” revisions are designed to correct minor accounting problems, recent research found some were associated with significant share-price falls, the Journal reported this month.
PwC also stands out for another type of restatement. These involve a company quietly updating past financial statements without having to alert investors. Although these “Little r” revisions are designed to correct minor accounting problems, recent research found some were associated with significant share-price falls, the Journal reported this month.
financial statements analysis 在 13.1 Trend Analysis of Financial Statements 的推薦與評價
Question: Trend analysis is often used to evaluate each line item on the income statement and balance sheet. How is this analysis prepared? Answer: Figure 13.1 ... ... <看更多>