How does P123 handle a company restating its financials

Research
1

Gents,

Have a quick question that I couldn’t find the answer to by searching the forum.

How does P123 handle financial statements for a company that has restated results. In order to keep things PIT, I assume that the “unrestated” data is used prior to the restatement date, and then the restated data is used after the restatement date?

Also, is there a flag that is updated when a company announces a restatement?

Thanks,

Daniel

2

We use unmodified financials until the date of the restatement and then use restated figures thereafter, so you’re correct.

There is no flag available for use when a company restates financials.

3

Thanks!