Review and Enlightenment of Financial Restatement

摘要

With the increasing development of capital markets, the quality of information of listed companies face higher requirements, the increasingly frequent and prevalent financial restatement has aroused widespread concern in the academic community. This paper reviews and summarizes the research of financial restatement from the aspects of motivation, company characteristics and economic consequences. It gives a brief evaluation of the domestic and foreign literatures, in order to provide useful reference for the further improvement of China's financial restatement system.