The reasons for restatements and how best to deal with them from the investor relations perspective
It’s 5 pm, 49 hours before your company’s third quarter earnings go out over the wire. You’re in the office putting the final flourishes to the press release and conference call script, when in bursts Teddy, the CFO’s factotum, waving a piece of paper. ‘Stop the presses!’ he yells. ‘We have to restate last quarter’s numbers.’Before you reach for that bottle of tranquilizers, you should realize you’re not alone. In 2004 some 414 restatements
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