Select the statement that is not correct regarding financial statement misstatements that require reissuance of previously issued reports.

Multiple Choice

• Notice of reissuance of prior period financial statements must be made in subsequent filings.

• Information regarding misstatements must be reported to the SEC within four days of discovery of the misstatement(s).

• All investors must be informed by the company in writing.

• Reissuance of financial statements is required for severe misstatements of reported information.