Financial Restatements: Update of Public Company Trends, Market Impacts, and Regulatory Enforcement Activities, Full text GAO-06-678, and Highlights, July 24, 2006. “While the number of public companies announcing financial restatements from 2002 through September 2005 rose from 3.7 percent to 6.8 percent, restatement announcements identified grew about 67 percent over this period. Industry observers noted… Continue Reading