Accounting Changes
Instructions
Search the internet for a publicly traded company that recently restated its financial statements. State the Company that you are evaluating and the most recent period of SEC filings.
Write a 3-4 page paper in which you address the following:
1. Discuss the primary reason for the restatement and the impact to the financial results for the company you selected.
2. Discuss “management” responsibility to the investors and stakeholders for the financial restatements.
3. Discuss what changes you would expect the company leadership to make related to internal controls, accounting principles, or other initiatives as a result of the need to restate the financial statements.
4. Discuss the impact to the “trustworthiness” of the company’s leadership team based on the need to restate the financial statements.
5. Use at least four (4) quality resources in this assignment.
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