... repeat restatements accounting restatements financial misreporting audit quality Finally, we find that IC weaknesses increase the likelihood of repeat restatements. The coefficient of 0.440 on IC WEAKNESS (p < 0.01) indicates that firms disclosing a control deficiency before...

... governance characteristics and the probability of financial accounting restatement are related in 2005, but not 1997. Finally, we demonstrate the importance of considering interactions among governance characteristics when investigating governance as a determinant of financial reporting quality...

.... Burks Email: [email protected] June 2010 January 2011 2011 accounting restatements accounting changes disclosure lags The number of restatements for accounting errors has increased substantially in recent years, likely because of heightened efforts to eliminate errors...