Despite the recent flurry of new accounting standards, companies discovering accounting problems still have significant leeway and equal margin for error in disclosure. That’s according to Mary Ann Jorgenson, an attorney with Squire, Sanders & Dempsey, who recently delivered a presentation on the topic at the Practicing Law Institute’s conference on securities regulation. Jorgenson echoed predictions from other standard setters recently that the market can expect more restatements in the future.
