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Wayne Stallings in CFO Dive: SPACs could face more restatements because of equity classification

In a high-profile case, the sponsor of WeWork, BowX, is restating its past year’s financials to correct for classifying a portion of its shareholder equity as permanent, rather than as temporary. Published Dec. 10, 2021 A fresh wave of restatements by special purpose acquisition companies (SPACs) could be coming after the Securities and Exchange Commission’s chief […]

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