Financial Statement Restatement and Ethics
Introduction Hertz, the international car rental company, recently restated their financial report for the period 2012 – 2013. In 2014, after announcing the intention to restate, the company’s shares declined from a peak in July 2007. According to Hertz, (2015), the misstatements in 2013, showed a $349 million reduction in pre-tax profit in the period up to December 31, 2013. Factors that contributed to the […]