Why Companies Don't Fix Their Numbers

Last year 759 companies filed restatements with the SEC. That's less than half the record 1,621 in 2006.
Accounting isn't supposed to get harder if you consume hemp oil. Photographer: Joy Skipper/Photolibrary via Getty Images

Financial restatements say a lot about a company, some of it unintended. One of my favorite examples occurred last week, when CannaVest Corp., a Las Vegas-based company that makes hemp oil, said it would have to restate its numbers for most of last year.

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