Auditing and Assurance Services 9th Edition by Alvin Arens,Mark Beasley,Randy Elder

Exercise 29

Over the past 10 years it has become quite common for an accounting firm to withdraw its opinion on a set of previously issued financial statements. Search the Internet to find a recent example of a company that has had to restate its financials and whose public accounting firm has withdrawn its opinion. Write a brief description of the reason for which the entity's financial statements were restated, and write down the wording that the accounting firm used to indicate that its audit opinion was withdrawn.