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Cardinal Health: Difference between revisions
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=== Restatements === | === Restatements === | ||
In September 2004, Cardinal Health announced plans to restate past results for fiscal 2001, 2002, 2003, and the first three quarters of 2004 downward, after an accounting review and an ongoing federal investigation.<ref name=":5" /> In 2005, in connection with the Audit Committee's conclusions reached in September and October 2004, the company made certain reclassification and restatement adjustments to its fiscal 2004 and prior historical consolidated financial statements.<ref>{{cite web|url=http://www.getfilings.com/o0000950152-05-004156.html| title=CARDINAL HEALTH INC - 10-Q Quarterly Report }}</ref> According to '' | In September 2004, Cardinal Health announced plans to restate past results for fiscal 2001, 2002, 2003, and the first three quarters of 2004 downward, after an accounting review and an ongoing federal investigation.<ref name=":5" /> In 2005, in connection with the Audit Committee's conclusions reached in September and October 2004, the company made certain reclassification and restatement adjustments to its fiscal 2004 and prior historical consolidated financial statements.<ref>{{cite web|url=http://www.getfilings.com/o0000950152-05-004156.html| title=CARDINAL HEALTH INC - 10-Q Quarterly Report }}</ref> According to ''The Wall Street Journal'', "Analysts called the restatement decision troubling, yet limited in scope."<ref name=":5">{{cite web | ||
| url =https://www.wsj.com/articles/SB109512255085516946 | | url =https://www.wsj.com/articles/SB109512255085516946 | ||
| title =Cardinal Health to Restate Net, Citing Bulk-Revenue Accounting | | title =Cardinal Health to Restate Net, Citing Bulk-Revenue Accounting | ||