Write a 3-4 page paper in which you: Discuss the primary reason for the restatement and the impact to the financial results for the company you...

Write a 3-4 page paper in which you:Discuss the primary reason for the restatement and the impact to the financial results for the company you selected.Discuss “management” responsibility to the investors and stakeholders for the financial restatement.Discuss what changes you would expect the company leadership to make related to internal controls, accounting principles, or other initiatives as a result of the need to restate the financial statements.Discuss the impact to the “trustworthiness” of the company’s leadership team based on the need to restate the financial statements.Use at least four (4) quality resources in this assignment.Your assignment must:Be typed, double spaced, using Times New Roman font (size 12), with one-inch margins on all sides; references must follow APA or school-specific format. Check with your professor for any additional instructions.Include a cover page containing the tile of the assignment, the student’s name, the professor’s name, the course title, and the date. The cover page and the reference page are not included in the required page length.The specific course learning outcomes associated with this assignment are:Analyze accounting situations to apply the proper accounting rules and make recommendations to ensure compliance with generally accepted accounting principles.Use technology and information resources to research issues in accounting.Write clearly and concisely about accounting using proper writing mechanics.

Restatement of financial StatementsIntroduction:Right from inception, presentation of financial statement was based on standards, and it isbelieved that a good number of stakeholders would fully...