Accounting Changes in CKE Restaurant

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Financial statement is a report or record of the financial activities of a Business.

Financial restatement is the process of reviewing or revising financial statements issued previously

Aim is reflecting the interaction errors in the statements.

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Companies prepare financial statements according to the rules stated by the Acceptable Accounting Principles (GAAP).

Security Exchange Commission (SEC) ensures corporations open all their material data and financial information.

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CKE Restaurant is a publicly-traded company which underwent financial restatement.

Financial restatement is a result of misapplication of easy policy and serious breakdown in the company’s competencies.

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Financial restatements are part of internal auditors and managers.

Management has a responsibility to match the needs of the most recent form 8-K.

Internal control provides the company's management with the latest and accurate data.

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Most companies apply Generally Acceptable Accounting Principles.

Generally Acceptable Accounting Principles are only a set of standards

GAAP for accountants can make unexpected alteration of figures.

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Management adheres to Acceptable Accounting Principles to come up with an acceptable statement.

CKE Restaurant’s purposefully applied the principles and use of external editors to come up with a proper statement.

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Accounting Changes in CKE Restaurant

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