Crosspost: A resurgence in restatements, but will it continue?

While financial restatements increased 7% year-over-year, the uptick is at least partially attributed to SEC enforcement activity. Changes in enforcement priorities may affect restatement trends.

This is a cross-post with Deep Quarry, the newsletter I occasionally collaborate on with Olga Usvyatsky. If you value our work, please subscribe!

Stephen Foley of the FT wrote on December 9, 2024, that public companies are corr…