24-05-2012, 10:23 PM
I am not sure if this is a normal practice due to my lack of experience in analyzing financial statements, but there seems that restatements in financial statements occur quite fairly in some companies.
Some of these restatements are not just minor changes in important figures such as net profit, operating cash flow, current assets but rather significant changes numerically wise.
To anyone familiar with these situations, is it a cause for concern (accounting fraud or just honest mistakes?) and should investors take the restated figures or original figures?
Some of these restatements are not just minor changes in important figures such as net profit, operating cash flow, current assets but rather significant changes numerically wise.
To anyone familiar with these situations, is it a cause for concern (accounting fraud or just honest mistakes?) and should investors take the restated figures or original figures?