As severe financial crisis has spread from Greece to larger countries such as Spain and Italy, voices warning against exposure to sovereign debt have gotten louder. The Cypriot government’s attempt to impose up to a 9.9% tax on bank deposits … Continue reading
Monthly Archives: March 2013
2012 Financial Restatements Review
2012 showed positive trends for financial restatements. While the total number of restatements over the last four years appears to have leveled off, a closer look at the underlying indicators of severity reveal much more positive results. The percentage of revision … Continue reading
HP’s Autonomy Impairment – Restatement In Disguise?
It’s bound to make some waves when a company announces an impairment as sizable as the one HP recently announced with respect to their acquisition of Autonomy. And if the impairment is associated with alleged fraud committed by former executives … Continue reading