Financial Reporting


The GAO releases a report, Trends, Market Impacts, Regulatory Responses, and Remaining Challenges ( www.gao.gov/new.items/d03138.pdf ), which found the number of times public companies restated their financial results due to accounting irregularities rose 145% from January of 1997 through June of 2002. The agency analyzed 919 restatements made by 845 public companies. About 10% of publicly traded companies made at least one such adjustment during this period, according to the study. Improper recognition of revenue was the most frequently cited reason for the restatements.

SPONSORED REPORT

CPEOs provide peace of mind around payroll services

The creation of these new IRS-certified service providers for small businesses clarifies some issues around traditional professional employer organizations.

QUIZ

8 sentences to help you master subject-verb agreement

When professionals prepare written material for readers inside their organization or outside, they should make sure that no errors distract from the message they need to convey. Take this short quiz for practice in subject-verb agreement.