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Accounting Changes in CKE Restaurant
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Financial statement is a report or record of the financial activities of a Business.
Financial restatement is the process of reviewing or revising financial statements issued previously
Aim is reflecting the interaction errors in the statements.
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Companies prepare financial statements according to the rules stated by the Acceptable Accounting Principles (GAAP).
Security Exchange Commission (SEC) ensures corporations open all their material data and financial information.
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CKE Restaurant is a publicly-traded company which underwent financial restatement.
Financial restatement is a result of misapplication of easy policy and serious breakdown in the company’s competencies.
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Financial restatements are part of internal auditors and managers.
Management has a responsibility to match the needs of the most recent form 8-K.
Internal control provides the company's management with the latest and accurate data.
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Most companies apply Generally Acceptable Accounting Principles.
Generally Acceptable Accounting Principles are only a set of standards
GAAP for accountants can make unexpected alteration of figures.
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Management adheres to Acceptable Accounting Principles to come up with an acceptable statement.
CKE Restaurant’s purposefully applied the principles and use of external editors to come up with a proper statement.
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Accounting Changes in CKE Restaurant
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