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Companies restating their earnings

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"Management still has a great deal of latitude in what goes in the financials. Auditors only assure that the statements are properly stated according to GAAP. They do not look at all accounts, only a sampling, and do the best they can. They cannot always go behind every number. SOX has made this a little more trustworthy but this happens all the time."

Therefore, I am looking for an example of a company that has restated their earnings.

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Solution Summary

The solution discloses a list of five companies who have restated earnings recently. There are links to articles about each restatement.

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Following are five fairly recent articles about companies restating their earnings. The first one, Ford, should be interesting to read, as well as the last one for GM. The restatements show ...

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