We continue our review of financial reporting quality this week by looking at trends in financial restatements in Canada. The number of financial restatements in Canada has been relatively consistent over the past five years. There were 144 restatements in … Continue reading
Category Archives: Financial Restatements – Canada
Reporting Error Corrections in the UK, EU, US, and Canada
Financial reporting and the subsequent correction of errors (or restatement) in financial statements differs from one jurisdiction to another. These differences are due to reporting mechanisms, local customs, and, of course, laws. Some of the key differences between various jurisdictions … Continue reading
Restatement Trends in Canada: 2010-2019
Since 2013, the number of Canadian financial restatements has been trending downward. In 2019, 111 unique companies in Canada – SEDAR registrants that trade on a Canadian exchange – issued 118 restatements, compared to 171 in 2010, a nearly 31% … Continue reading
Recent Restatement Trends by Canadian Filers
For the years 2012 through 2014, the number of Canadian restatements has been trending downward. Canadian filers issued 227 restatements in 2012, compared to 179 in 2014, a decrease of over 20%. As we documented in our 2014 Financial Restatements report, there … Continue reading