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Financial Restatements

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Is Your Company at Risk for Financial Restatements?
Financial restatements strain resources and unnerve shareholders. It’s a wild, post-Sarbox world. Here’s how smart companies survive. Restate and Main: Is Your Company Vulnerable? Source: CFO Publishing This column from CFO Publishing looks...
Tags: Restatement, Financial, Financial Accounting, Finance, BNET Staff, Sarbanes-Oxley Act, Sarbox, SOX, Financial Restatements, Securities, Top 5
Articles 2008-03-11

Additional Resources

TeleTech Completes Financial Restatement; Updates Business Outlook; Pipeline of New Business Opportunities Remains Strong; Announces Increased Funding for Share Repurchases up to $100 Million
TeleTech Holdings, Inc. (NASDAQ: TTEC), oneof the largest and most geographically diverse global providers of businessprocess outsourcing ("BPO") solutions, today announced that it has filedwith the Securities and Exchange Commission all of its delayed periodicreports, including its Annual Report on Form 10-K for the year endedDecember 31, 2007 and its...
Articles 2008-07-16
TeleTech Announces Release Date for Financial Results for Third Quarter and Full Year 2007 and First Quarter 2008
TeleTech Holdings, Inc. (NASDAQ: TTEC), oneof the largest and most geographically diverse global providers of businessprocess outsourcing BPO solutions, today announced that it plans toreport financial results for the third quarter and full year 2007 and firstquarter 2008 on Wednesday, July 16, 2008, after the close of the market.TeleTech also...
Articles 2008-07-15
Fitch: U.S. Central FCU's 'AA+' IDR Remains on Watch Negative on 2007 Results
NEW YORK -- U.S. Central Federal Credit Union's USC 'AA+' Issuer Default Rating IDR and senior debt rating remains on Rating Watch Negative by Fitch Ratings following the publication of final results for fiscal 2007, which incorporates the outcome of the 2007 external audit. The final results reflect a restatement...
Articles 2008-07-14
ViRexx Announces Filing of Amended and Restated Audited Financial Statements for Year Ended December 31, 2007 and Amended and Restated Annual Report on Form 20-F
ViRexx Medical Corp. (TSX: VIR) (AMEX: REX), a company focused on immunotherapy treatments for certain cancers, chronic hepatitis B & C and embolotherapy treatments for tumours, today released amended and restated audited financial statements for the year ended December 31, 2007. In addition the Company has updated and amended its...
Articles 2008-07-10
AuditAnalytics.com Announces Study on Trends in CEO and CFO Changes
C-Level executive departures from public companies increased 18% in 2007 WORCESTER, Mass. -- AuditAnalytics.com, a leading provider of public company intelligence and due diligence research, announces the availability of its recent study on trends in CEO and CFO changes. The Audit Analytics data base of Director...
Articles 2008-07-10
Youbet.com to Restate Financial Results for 2007 Due to Recalculation of Accrual and Related Impairment Charge for Potential IRG Earn-Out Payments
WOODLAND HILLS, Calif. -- Youbet.com, Inc. (NASDAQ: UBET) announced today that it intends to restate its financial statements as of and for the year ended December 31, 2007 in an amendment to the company's Form 10-K and its balance sheet at March 31, 2008 in an amendment to its first...
Articles 2008-07-10
First Banks, Inc. Announces Status of Internal Investigation
ST. LOUIS -- First Banks, Inc. ("First Banks" or the "Company") (NYSE: FBSPrA) announced today the status of its internal investigation into certain events within its Mortgage Division. On May 21, 2008, the Company issued a press release and filed a Current Report on Form 8-K announcing that...
Articles 2008-07-10
Schawk Announces First-Quarter 2008 Earnings
Schawk, Inc. (NYSE: SGK), a leadingprovider of brand point management services, enabling companies of allsizes to connect their brands with consumers to create deeper brandaffinity, reported first-quarter 2008 results. Net income in the firstquarter of 2008 was $4.3 million, or $0.15 per fully diluted share, versus$6.0 million, or $0.22...
Articles 2008-07-02
On2 Technologies Announces Financial Results for Fourth Quarter of 2007 and First Quarter of 2008
- Revenue increased 189% in fourth quarter of 2007 to $6.1 million, and increased 101% to $13.2 million for the full year - Revenue in the first quarter of 2008 increased 58% to $4.5 million TARRYTOWN, N.Y., July 2 /PRNewswire-FirstCall/ -- On2 Technologies, Inc. ,...
Articles 2008-07-02
Baker Files 2007 Form 10-K; Restates Financial Results for 2006 and First Three Quarters Of 2007
PITTSBURGH, June 30 /PRNewswire-FirstCall/ -- Michael Baker Corporation today announced the filing of its Annual Report on Form 10-K for the fiscal year ended December 31, 2007, which includes the restatement of the Company's consolidated financial statements for the year ended December 31, 2006, and the first three...
Articles 2008-06-30
First BanCorp Announces Termination of Order to Cease and Desist by the Federal Reserve Bank of New York
SAN JUAN, Puerto Rico, June 30 /PRNewswire-FirstCall/ -- First BanCorp today announced that, following the most recent examination of First BanCorp (the "Corporation"), the Federal Reserve Bank of New York ("FED"), under the delegated authority of the Board of Governors of the Federal Reserve System, has elected to...
Articles 2008-06-30
Diebold to Provide Preliminary Financial Results
NORTH CANTON, Ohio, June 30 /PRNewswire-FirstCall/ -- Diebold, Incorporated today announced that it expects to release preliminary financial results for 2007 and the first and second quarters of 2008 in four to six weeks. As previously disclosed, the company and its audit committee, in consultation with...
Articles 2008-06-30
American Italian Pasta Company Becomes Current on All Annual Filings
COMPANY FILES ANNUAL REPORT ON FORM 10-K FOR FISCAL YEAR 2007 KANSAS CITY, Mo., June 27 /PRNewswire-FirstCall/ -- American Italian Pasta Company (Pink Sheets: AITP), the largest producer of dry pasta in North America, today announced results for the fiscal year ended September 28, 2007. With this...
Articles 2008-06-27
Greencore hit by EUR 21m fraud at Scottish mineral water unit
The Irish food group Greencore has sacked three senior managers after uncovering what it believes is a 21m (17m) fraud at its Scottish mineral water business, Campsie Spring. Greencore said its investigations were ongoing, but it warned that the "deliberate concealment of costs at its mineral water...
Articles 2008-06-26
Schawk, Inc. to Restate December 31, 2007 Balance Sheet to Reflect Restatement of December 31, 2002 Financials
Schawk, Inc. (NYSE: SGK), the leadingprovider of brand point management services, enabling companies of allsizes to connect their brands with consumers to create deeper brandaffinity, today announced that it will restate its consolidated balancesheet as of December 31, 2007 to reflect changes in the amounts ofpreviously reported goodwill, retained earnings...
Articles 2008-06-26
Basic Earth Announces Restatement of Financial Reports and Filing of Form 8-K
DENVER, June 25 /PRNewswire-FirstCall/ -- Basic Earth Science Systems, Inc. ("Basic" or "the Company") (BULLETIN BOARD: BSIC) reported today that is has filed a Form 8-K, Item 4.02 "Non-Reliance on Previously Filed Financial Statements" which identifies an error in the calculation of the financial statements for fiscal...
Articles 2008-06-25
GREENCORE GROUP PLC Announcement
DUBLIN, Ireland, June 25 /PRNewswire/ -- GREENCORE GROUP PLC ("Greencore" or the "Group") announces that it has uncovered a deliberate concealment of costs at its Mineral Water business which has led to a material misstatement of financial performance covering the financial years 2006, 2007 and the current financial year....
Articles 2008-06-25
VendTek announces second quarter results
TSXV: VSI VANCOUVER, June 24 /PRNewswire-FirstCall/ -- VendTek Systems Inc. (TSX-V: VSI) ("VendTek" or "Company"), a leading provider of automated transaction systems software, is pleased to report the results of its operations for the three and six months ended April 30, 2008. The Company also announced it...
Articles 2008-06-24
Northland Restates Preliminary Economic Assessment, Maintains Robust Project Valuation
Bill Wagener, the COO of Northland Resources Inc. (TSX: NAU)(FRANKFURT: NBS)(OSLO: NAUR), is pleased to announce the revised results of the NI 43-101 compliant Preliminary Economic Assessment ("PEA") of its three main magnetite projects: Tapuli and Stora Sahavaara in northern Sweden, and Hannukainen in northern Finland. Last week, Northland published...
Articles 2008-06-23
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