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Financial Restatement Due to Lease Misclassification Not Actionable

As internal control issues continue to emerge for public companies, one of the questions that a leasing or financial services company might likely be asking is what happens if we need to restate our earnings based on a misclassification of our leases as sales-type leases rather than operating leases. What would our exposure be?

7 minute readSeptember 01, 2006 at 09:48 AM
By
Adam Schlagman
Financial Restatement Due to Lease Misclassification Not Actionable

As internal control issues continue to emerge for public companies, one of the questions that a leasing or financial services company might likely be asking is what happens if we need to restate our earnings based on a misclassification of our leases as sales-type leases rather than operating leases.

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