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...
