MLchartDataset catalogue

Financial restatement

Term · Insurance and risk management · MLC-T-INS-001514

The revision of previously issued financial statements to correct errors that were material to the financial reporting. This action is taken when a company identifies that its past financial reports contained inaccuracies that could mislead investors or regulators. Restatements can lead to a decline in stock price and trigger shareholder litigation.

Table 1. Record
IdentifierMLC-T-INS-001514
FieldInsurance and risk management
SubjectManagement Liability
Record as JSON 
{
  "id": "MLC-T-INS-001514",
  "term": "Financial restatement",
  "field": "Insurance and risk management",
  "definition": "The revision of previously issued financial statements to correct errors that were material to the financial reporting. This action is taken when a company identifies that its past financial reports contained inaccuracies that could mislead investors or regulators. Restatements can lead to a decline in stock price and trigger shareholder litigation.",
  "subject": "Management Liability",
  "url": "https://mlchart.com/terminology/insurance/financial-restatement/"
}

Record 1,392 of 3,748 in Insurance and risk management terminology (MLC-0106). Request the full dataset.