Financial Statement Restatement and Ethics

Search
the Internet 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 team’s attitude toward the restatement. Suggest how
   the restatement may have been avoided during the initial reporting
   process.
2. Explain the impact
   to the company’s 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 management’s 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 recommendations.
4. Use at least two
   (2) quality academic resources in this assignment. Note: Wikipedia and other Websites
   do not quality as academic resources.

Your
assignment must follow these formatting requirements:

• Be typed, double
  spaced, using Times New Roman font (size 12), with one-inch margins on
  all sides; citations and references must follow APA or school-specific
  format. Check with your professor for any additional instructions.
• Include a cover
  page containing the title of the assignment, the student’s name, the
  professor’s name, the course title, and the date. The cover page and the
  reference page are not included in the required assignment page length.

The
specific course learning outcomes associated with this assignment are:

• Evaluate how the
  changes in assets and liability valuations impact the measurement of net
  income on the income statement.
• Assess the uses of
  the statement of cash flows and how the statement is used to evaluate the
  quality of earnings.
• Use technology and
  information resources to research issues in financial analysis and
  reporting.
• Write clearly and
  concisely about financial analysis and reporting using proper writing
  mechanics.