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The GAO releases a report, Wends, 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. (Financial Reporting).


* The GAO releases a report, Wends Wends or Sorbs, Slavic people (numbering about 60,000) of Brandenburg and Saxony, E Germany, in Lusatia. They speak Lusatian (also known as Sorbic or Wendish), a West Slavic language with two main dialects: Upper Lusatian, nearer to Czech, and , 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 an·a·lyze  
tr.v. an·a·lyzed, an·a·lyz·ing, an·a·lyz·es
1. To examine methodically by separating into parts and studying their interrelations.

2. Chemistry To make a chemical analysis of.

3.
 919 restatements made by 845 public companies. About 10% of publicly traded companies publicly traded company

A company whose shares of common stock are held by the public and are available for purchase by investors. The shares of publicly traded firms are bought and sold on the organized exchanges or in the over-the-counter market.
 made at least one such adjustment during this period, according to according to
prep.
1. As stated or indicated by; on the authority of: according to historians.

2. In keeping with: according to instructions.

3.
 the study. Improper recognition of revenue was the most frequently cited reason for the restatements.
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Publication:Journal of Accountancy
Date:Jan 1, 2003
Words:88
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