The SEC requires stealth restatements to be:
A) Disclosed only in periodic reports
B) Disclosed only in an 8-K report or amended 10-K/A or 10-Q/A
C) Increased to more 50% of restatements
D) Disclosed in ten business days after determination of need for restatement

Question

Quizplus · Accepted Answer

According to SEC regulations, stealth restatements (where a company quietly adjusts its financial statements without issuing a press release) must be disclosed in an 8-K report or amended 10-K/A or 10-Q/A within four business days of determining the need for the restatement. This allows investors to have access to accurate and up-to-date financial information as soon as possible.

The SEC Requires Stealth Restatements to Be