The Financial Restatements Policy and Procedure ensures financial reporting errors are investigated and resolved in a timely manner, and that financial restatements are completed in accordance with ethical and legal requirements and accepted accounting practices. The procedure applies to mathematical mistakes, misapplication of accounting principles, improper oversight or control, misuse or misstatement of facts. (10 pages, 1986 words)

Activities Covered in the Financial Restatements Policy Procedure

• Financial Restatement Plan
• Financial Restatements
• Reviewing the Financial Restatement Process
• Improving the Financial Restatement Process

References Used in the Financial Restatements Policy Procedure

• Securities and Exchange Act of 1934(USA)
• SEC General Rules and Regulations(12B CFR 240)
• SEC Accounting Regulation S-X (17 CFR 210)
• SEC General Regulation S-K (17 CFR 229)
• SEC General Rules for Electronic Filing Regulation S-T (17 CFR 232)
• Sarbanes-Oxley Act of 2002 (USA)
• SEC Regulation 14A Solicitation of Proxies (14A CFR 240)

Forms Included in the Financial Restatements Policy Procedure

• Financial Restatements Checklist Form