What Is The Financial Statement Repeated

Based on information the capital market continues to develop, and its operation can not be separated from transmission of the information. As a corporate transfer media information outward, financial report’s accuracy and timeliness is essential. But the error is inevitable when publishing financial information, the development of financial restatements system gives corporate a chance to make up for past accounting treatment error. Corporate financial restatements should be out of being responsible for investors. But to retain the listing of "Shell", some listed companies of poor management repeatedly use financial restatements to upset investors’ ideas and manipulate earnings, which seriously damage the interests of investors. Therefore, it is very important for this paper to study the cause of repeated financial restatement.To explore the reasons of some companies’repeated financial restatements, on basis of the system background, this paper draw on previous research findings, and card status of target case repeatedly restatement and expand the analysis. This paper analyzes the market effects raised by repeatedly financial restatements in the listed companies of media industry. Drawing on the results of previous studies, this paper questions the reasons for restatement, then use the model of Jones to test its level of earnings management, and analyze its path of earnings management. The study found that in the case of poor business, there existence the earning management behavior in repeated financial restatement, which verifies the upset questions. Findings and recommendations provide a reference for listed companies rationalizing operations, and considering the current situation of enterprises, at the same time strictly obeying Accounting Standards.