Learning Activity: Causes for a Financial Restatement
The need to restate corporate financial statements is relatively rare, but they do exist and for a myriad of reasons. In this learning activity you describe factors that contributed to the need to prepare a financial restatement.
Search the Internet or the Strayer Nexis Uni Database for a company that published a financial restatement in 2019 due to GAAP violation. You will use this research to complete this activity.
Note that you will use your selected company in next week’s assignment, as well.
Provide a link to the restatement that you have chosen.
Write a 1-page analysis of the factors that forced your chosen company to publish a financial statement restatement.
This course requires the use of Strayer Writing Standards. For assistance and information, please refer to the Strayer Writing Standards link in the left-hand menu of your course. Check with your professor for any additional instructions.