Assignment 1: Financial Statement Restatement and Ethics DueWeek 3 and worth 200 points Search the Internet or Strayerdatabases for a company that recently restated its earnings. Basedon the company researched and identified: Write a two to three(2-3) page paper in which you: 1.Assess the factors thatcontributed to the financial statement restatement, signifying theexecutive management teamâs attitude toward the restatement.Suggest how the restatement may have been avoided during theinitial reporting process. 2.Explain the impact to the companyâsstock price when the restatement was released and to futureearnings forecast, indicating whether or not you believe the impactto the stock price was justified. 3.Evaluate the restatement interms of managementâs ethical violations according to therequirements of the Sarbanes-Oxley Act, providing recommendationsto management on how to avoid these problems in the future. Providesupport for your recommendation
Assignment 1: Financial Statement Restatement and Ethics DueWeek 3 and worth 200 points Search the Internet or Strayerdatabases for a company that recently restated its earnings. Basedon the company researched and identified: Write a two to three(2-3) page paper in which you: 1.Assess the factors thatcontributed to the financial statement restatement, signifying theexecutive management teamâs attitude toward the restatement.Suggest how the restatement may have been avoided during theinitial reporting process. 2.Explain the impact to the companyâsstock price when the restatement was released and to futureearnings forecast, indicating whether or not you believe the impactto the stock price was justified. 3.Evaluate the restatement interms of managementâs ethical violations according to therequirements of the Sarbanes-Oxley Act, providing recommendationsto management on how to avoid these problems in the future. Providesupport for your recommendation
