Elayan, Fayez A.; Li, Jingyu; Meyer, Thomas O. - In: Accounting and Finance 48 (2008) 5, pp. 741-760
The discovery of accounting irregularities is an important negative event for a company. The restatement resulting from the irregularity represents an average of 364 per cent of net income for the 152-firm sample and the irregularities are predominantly revenue enhancing. The irregularity firms...
