Accounting Errors at UK Subsidiary and Corrections to Prior-Period Financial Results
First written in FY2020-Q1. 1 of 2 entries say "Materialised", first in FY2020-Q1. Latest entry: FY2020-Q3.
The whole theme swung hardest in 2021: 2 of 7 companies on the "Worse" side.
14 other companies' latest entry also says "Restated".
- FY2020-Q3RestatedAnnual report
「During the preparation of the current first-quarter financial results, the Company discovered accounting errors at its UK subsidiary, Daido Metal Europe LTD. These errors included the understatement of allowance for doubtful accounts in the Company's prior-period financial results. Accordingly, the Company corrected its prior-period financial results and filed amended reports for its securities reports for the fiscal years ended March 2015 through March 2019 and its quarterly reports from the second quarter of the fiscal year ended March 2017 through the third quarter of the fiscal year ended March 2019.」
The Company has again identified the accounting errors at its UK subsidiary and the filing of amended reports for prior-period financial results as issues requiring attention. - FY2020-Q1MaterialisedAnnual report
「During the preparation of the current first-quarter financial results, the Company discovered accounting errors at its UK subsidiary, Daido Metal Europe LTD. These errors included the understatement of allowance for doubtful accounts in the Company's prior-period financial results. Accordingly, the Company corrected its prior-period financial results and filed amended reports for its securities reports for the fiscal years ended March 2015 through March 2019 and its quarterly reports from the second quarter of the fiscal year ended March 2017 through the third quarter of the fiscal year ended March 2019.」
The Company discovered accounting errors and an understatement of the allowance for doubtful accounts at its UK subsidiary and filed amended reports for its securities reports and other filings for the fiscal years ended March 2015 through March 2019.