Taxes, Liabilities Among Common Reasons for Financial Restatements in Europe

Posted on October 29, 2020 by Hallie Botnovcan

Audit Analytics recently released the Europe Financial Restatements database, consisting of financial restatements for accounting errors due to accounting rule misapplications, clerical issues, and fraud. Collected from English language press releases, annual reports, and interim reports issued between January 2018 and … Continue reading →

IAASB Approves New Audit Quality Standards

Posted on September 29, 2020 by Jessica McKeon

The quality of audits has come into question from international regulators after a series of high-profile accounting scandals, with the most recent being Wirecard. Last week, the International Auditing and Assurance Standards Board (IAASB) approved a new and revised set … Continue reading →

Leveraging the European Restatements Database

Posted on September 28, 2020 by Madeleine Conley

Audit Analytics recently released the European Financial Restatements database, filling a void in stakeholders’ ability to easily analyze restatements in context of the overall global market. The database contains 350 restatements from nearly 300 public companies listed on regulated exchanges … Continue reading →

An Overview of European Financial Restatements

Posted on September 16, 2020 by Jessica McKeon and Hallie Botnovcan

There have been nearly 500 financial restatements disclosed by roughly 400 companies listed on exchanges in the EEA, UK, and Switzerland since January 1, 2018. Continue reading →