Financial restatements don't have to be a fiasco
When National City, a full-service bank, needed to restate its earnings for 2002, the IR team kicked into gear well before anyone outside the executive suite knew what was pending. According to Reuters, National City restated its 2001 and 2002 net income results after discussion with the SEC on the application of certain technical provisions of the Statement of Financial Accounting Standards number 133, Accounting for Derivative Instruments and Hedging Activities. The IR department found out
You need to register to access 3 free deep dive articles per month. To continue reading please register or login below..
- Unlimited deep dives
- Data-driven research around key topics
- Buy-side insights
- Benchmarking reports
From
$1495
Betsy Pisik
Award winning journalist, staff and freelance writer, ghost writer, speech writer, researcher
