The bar chart below was created using Google’s Chart Tools.
The chart shows an average of the frequency of problems that public companies had from 1997 to 2005. These accounting problems led the public companies to restate (re-issue) their financial statements. The data in the chart comes from two surveys conducted by the United States Government Accounting Office.
The chart provides an indication of where accounting problems most often occur.
More details on the surveys conducted by the US Government Accounting Office can be found by clicking here (PDF file).