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Unformatted text preview: they do not have to file them right away. They are passing new laws that require them to file them in a timeline and as long as they file within the timeline they will be able to file an amendment for a Form 10-K. Do I believe that they are doing the right or ethical thing, no I dont. I believe that as long as you are always honest then you never have to worry about covering your tail later or trying to remember what you said or what you did in the past. I believe that the best thing for them to do is to report everything that they have and show their financial statements with the correct equations. If they did that then they would never have to worry about getting in trouble or trying to stay within GAAP regulations. http://www.cooley.com/news/alerts.aspx?id=246003...
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This note was uploaded on 05/29/2011 for the course EC 2011 taught by Professor Johnson during the Spring '11 term at FIT.
- Spring '11