Restatement disclosure: publish revised pro forma financial results immediately to shareholders; accounting effects may be recorded as prior period items. Companies must submit Form A or Form B with annual reports; qualified audit reports are subject to review by a Qualified Audit Review Committee which may require restatement. Restatement requires immediate disclosure of revised pro forma financial results to shareholders via stock exchanges, while the accounting effects may be carried into the subsequent financial year's annual accounts as a prior period item to address tax impacts.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Restatement disclosure: publish revised pro forma financial results immediately to shareholders; accounting effects may be recorded as prior period items.
Companies must submit Form A or Form B with annual reports; qualified audit reports are subject to review by a Qualified Audit Review Committee which may require restatement. Restatement requires immediate disclosure of revised pro forma financial results to shareholders via stock exchanges, while the accounting effects may be carried into the subsequent financial year's annual accounts as a prior period item to address tax impacts.
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