How are adjustments for restatements of accounts treated? Does WVB overwrite the original or archive the new numbers?
WVB stores both the original and all subsequent restated accounts for each fiscal year reported by the company. The restated accounts are flagged as CR and include also the year in which the company published the restated account(s). Practices vary from country to country, where in certain cases the companies restate either one or three years back.
Related Questions
- An individual has religious or cultural objections to certain numbers or digits in the original number; (See "Can I request a new SSN because I object to digits used?")
- Basic management structure (numbers of expatriate/local staff). How are local staff treated with respect to their contractual arrangements and benefits?
- How are adjustments for restatements of accounts treated? Does WVB overwrite the original or archive the new numbers?
