The U.S. Treasury Department tapped the talent at the KU School of Business for an upcoming research study. The Treasury selected Associate Professor and Harper Faculty Fellow Susan Scholz to examine the repercussions of and reasons for the recent rash of public company financial restatements.
Treasury Secretary Henry Paulson has vowed to gain a tighter grasp on this issue, reiterating his fervor in May when he unveiled the auditing and accounting stage of his capital markets competitive initiative.
Scholz will examine the factors triggering public company financial restatements and evaluate the significance of those restatements on investors and the capital markets. The study will analyze restatements made from 1997-2006.
The results of Scholz’s research are expected to be available to the public in early 2008.
