restatement

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Restatement

The release of a previously issued financial statement amended with new information. For example, if a company issues a profit-loss statement and then discovers new information that affects the statement, it may amend the profit-loss statement to reflect the new information. When it releases this to the public, the company is said to make a restatement.

restatement

The altered presentation of a portion or all of an earlier financial statement. For example, a firm may issue a restatement of its previously published balance sheet and income statement because it has discovered some heretofore unknown information that should have been included on it.
References in periodicals archive ?
* Look back at the re-statements to pursue other lines.
At the present time theorists are too content to write for one another, dispute one another's positions, and provide occasions for further re-statements of familiar platforms and debates.
That's certainly not true, but clearly there are too many re-statements, and there is too much abuse.