Events after Reporting Period, Misstatements and Earnings Deviation between Quarterly and Annual Accounts
Table 1:
| Sample | Misstatements | Events after reporting period | t-test | ||
| Mean | Std. dev. | Mean | Std. dev. | ||
| Full (n=731) | 15,200,000 | 42,400,000 | 3,768,000 | 40,200,000 | 5.248* |
| Overstated (n=540) | 18,300,000 | 48,200,000 | 4,478,000 | 46,800,000 | 4.774* |
| Understated (n=191) | 5,803,607 | 13,800,000 | 1,760,340 | 11,100,000 | 3.109* |