GAO Financial Restatement Database

The Government Accountability Office (GAO) has created an e-supplement for its July 2006 report entitled Financial Restatements: Update of Public Company Trends, Market Impacts, and Regulatory Enforcement Activities. The supplement is a Financial Restatement Database, GAO-06-1053R, and contains financial restatement announcements for the periods July 1, 2002, through September 30, 2005, and October 1, 2005, through June 30, 2006.

The database consists of two files: (1) a file that lists 1,390 restatement announcements that GAO identified as having been made because of financial reporting fraud and/or accounting errors between July 1, 2002, and September 30, 2005, and (2) a file that lists 396 restatement announcements that GAO identified as having been made because of financial reporting fraud and/or accounting errors between October 1, 2005, and June 30, 2006. To view the files (and not the full report), use the Accessing Data Files page and select File 1 or File 2.

Two previous tips, GAO Reports and GAO Comptroller General Decisions, describe additional resources available on the GAO website.

Note: Financial Restatements: Update of Public Company Trends, Market Impacts, and Regulatory Enforcement Activities is available in Portable Document Format (PDF); to view it you will need Adobe Acrobat Reader, a standard inclusion on most computers and available for free download online.