Accounting Restatements: A Review of the Literature

• In Event: Auditing I

Abstract

This paper reviews accounting restatements research with an emphasis on 2000 through 2013. It synthesizes the literature from four main areas: 1) restatements trends, 2) restatements as a dependent variable, 3) restatements as an independent variable, and 4) other aspects of restatements, e.g., the regulatory concerns, restatement process, etc. Additionally, the paper discusses common sources of data and measurement approaches found in restatements research. The paper summarizes questions examined by the research to date, and provides suggestions for future research.

Author

• R. Drew Sellers, Kent State University