Are you in compliance?

Don't miss out! Sign up today for our weekly newsletters and stay abreast of important GRC-related information and news.

Get updates on Compliance Week offerings, including new features, databases, research, and other resources, along with announcements of upcoming Webcasts, conferences, seminars, CPE/CLE opportunities and more.

Published every Thursday, Compliance Week Europe offers a condensed summary of risk, audit, and compliance news either originating in Europe, or of special interest to European compliance professionals. This newsletter will follow developments by the European Commission, as well as those of national governments across the region, or any U.S.-based news that might have consequence across the Atlantic. Frequency: weekly; Thursday a.m.

A fresh edition of Compliance Week delivered via e-mail and online every Tuesday morning, relentlessly focused on the disclosure, reporting and compliance requirements of our 25,000+ paying subscribers.

Published every Friday, Compliance Weekend was launched at the behest of subscribers, and offers a quick Plain English review of the week's key developments. We hope you enjoy this supplement to Compliance Week's Tuesday edition.


Status message

Start your free, no obligation 10-day trial to continue exploring with full access.

2007 Restatements Plunge in Number, Size

Melissa Klein Aguilar | April 1, 2008

Finally, a downturn the corporate world can be happy about.

Financial restatements dropped dramatically in 2007, reversing nearly a decade of ever-higher numbers that reached a record in 2006. What’s more, restatements fell both for companies that do need to comply with Section 404 of Sarbanes-Oxley and those that do not—another telling sign that Corporate America’s financial reporting is finally getting better.

According to data from Audit Analytics, 1,109 companies filed 1,237 restatements last year. That’s a drop of 30 percent and 31 percent, respectively, from 2006 restatements.


“Every way you slice... To get the full story, subscribe now.