Amended filings for financial restatements rose to a record 414 in 2004 from 323 the previous year according to a summary of Huron Consulting Group’s 2004 Annual Review of Financial Reporting Matters.
?Financial restatements dramatically increased in 2004. After the leveling off in restatement filings observed in 2003, we had hoped that the upward trend in accounting errors might be over,? says Joseph Floyd, managing director and national practice leader of Huron’s Disputes and Investigations practice.
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