A Study Conducted of Financial Statement Restatements During the Period

Multiple Choice

A study conducted of financial statement restatements during the period of 2007 through 2009 indicated a decline in the number of restatements that were attributed to each of the following except for:

A) Improved audits of financial statements
B) Improved reliability of internal controls
C) A more relaxed approach of the SEC regarding materiality and the need to file restatements
D) Companies making and reporting fewer mistakes or catching fewer mistakes