An Analysis of the Factors Affecting Financial Restatement of Public Company

DOI

10.2991/mbdasm-19.2019.23How to use a DOI?

Keywords

financial restatement; information quality; characteristics

Abstract

Financial restatement is the announcement of an ex-post facto remedy for errors, omissions or misleading information in the financial reports of a listed company on a voluntary basis or under the supervision of a certified public accountant or regulatory body. These will inevitably lead to an incalculable loss for investors and a fatal blow to the capital market. This article, I use the combination of the theoretical exposition and empirical inquiry, using the relevant model to explore the factors that affect its financial restatement. It is concluded that the changes of a firm's profitability, short-term solvency and capital-liability ratio will become the key factors of financial restatement, and how to avoid financial restatement as far as possible, it is also necessary to re-check in the process of internal control.

Copyright

© 2019, the Authors. Published by Atlantis Press.

Open Access

This is an open access article distributed under the CC BY-NC license (http://creativecommons.org/licenses/by-nc/4.0/).

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TY  - CONF
AU  - Xuemei Sun
AU  - Guohui Gao
AU  - Junjie Wan
AU  - Songqing Wei
PY  - 2019/10
DA  - 2019/10
TI  - An Analysis of the Factors Affecting Financial Restatement of Public Company
BT  - Proceedings of the 2019 International Conference on Mathematics, Big Data Analysis and Simulation and Modelling (MBDASM 2019)
PB  - Atlantis Press
SP  - 102
EP  - 104
SN  - 2352-538X
UR  - https://doi.org/10.2991/mbdasm-19.2019.23
DO  - 10.2991/mbdasm-19.2019.23
ID  - Sun2019/10
ER  -