The decision is back from the Securities and Exchange Commission. The SEC says your company got it wrong. Now you may: (a) restate your financial statements; (b) reevaluate your accounting; (c) reevaluate the information prepared under GAAP; or (d) all of the above. Result? The stock takes a nosedive, the press has a ball, and there is a big mess to be cleaned up. But there are lessons to be learned from other company’s experiences and this session addressed them. The panel reviewed case studies of companies who faced the criticism of the Securities and Exchange Commission and how they responded.
Region:
United States
Interest Area:
Corporate, Securities, and Governance