Of the 1,827 companies which have completed an initial public offering since 2004, 563 had to restate some part of their financial results soon afterward. That is 31% of the total – significantly higher than the 22% of all public companies which had to restate results during the same period.
The results were computed by Lord & Benoit, a SOX compliance consulting firm, using data from Audit Analytics.
The largest single type of restatement was valuation-related
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