The recent restatement report from Audit Analytics reveals that the number of financial restatements has leveled off over the last three years. While this metric shows stabilization in financial statement errors, a deeper understanding of the different types of error … Continue reading
Monthly Archives: May 2013
Changes in Accounting Estimates – First Look
While some figures in financial statements are relatively straightforward, others are more complex. Some of the more complex figures require judgments about future events. For example, a certain number of accounts receivable will not be collected, but neither the actual … Continue reading