Figure 1
A bar graph compares the number of financial restatements per year from 2007 to 2023. The horizontal axis represents the years, ranging from 2007 to 2023. The vertical axis represents the number of restatements, ranging from 0 to 6. Blue vertical bars represent the number of restatements in each year. The data shows fluctuations in the number of restatements over the years. Notable peaks are observed in 2008, 2012, 2014 and from 2018 to 2020, with the highest number of restatements reaching 5 in 2018, 2019 and 2020. The graph represents actual data points for each year.Distribution of financial restatements over the sample period 2007-2023. Figure 1 presents the total number of financial restatements in each year, with 38 in total. Source: Authors’ own work