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If you pay attention to the Business section of the newspaper, then you're no doubt aware of how many public companies have been restating their earnings as of late. You can thank the Sarbanes-Oxley Act of 2002 for that, which was passed in the wake of accounting scandals at such companies as Enron, WorldCom and Tyco. General Motors has restated its earnings in the recent past, and in its annual 10-K report of results for 2006 revealed that its ability to effectively and accurately report its fi

Were the accounting errors at General Motors - publicly announced shortly after the Delphi unraveling - accidental in nature, or was something more evil behind the manufacturer's need to restate several years of financial results? The Detroit Free Press notes that in its investigation of filings and court records that the vast majority of the mistakes tended to go in a favorably direction for the company, which some might believe indicates something more insidious than random mistakes. The probl

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