Question
Assignment 1: Financial Statement Restatement and Ethics Due Week 3 and worth 200 points Search the Internet or Strayer databases for a company that recently
Assignment 1: Financial Statement Restatement and Ethics Due Week 3 and worth 200 points Search the Internet or Strayer databases for a company that recently restated its earnings. Based on the company researched and identified: Write a two to three (2-3) page paper in which you: 1.Assess the factors that contributed to the financial statement restatement, signifying the executive management teams attitude toward the restatement. Suggest how the restatement may have been avoided during the initial reporting process. 2.Explain the impact to the companys stock price when the restatement was released and to future earnings forecast, indicating whether or not you believe the impact to the stock price was justified. 3.Evaluate the restatement in terms of managements ethical violations according to the requirements of the Sarbanes-Oxley Act, providing recommendations to management on how to avoid these problems in the future. Provide support for your recommendation
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