In PricewaterhouseCoopers’13th annual evaluation of private securities class action lawsuits, one thing is glaringly obvious: While 2008 was an extraordinary year for litigators, it also demonstrated how extremely vulnerable giant financial institutions and entire economies are to fissures in the financial system.

Several studies monitoring restatements have concluded that the number of restatements has dramatically increased over the past few years. Partners Grace Lamont and Steve Skalak, of PricewaterhouseCoopers, suggest that restatements will continue to be required in those circumstances where fraud, rather than error, complexity, or oversight is the root cause of inaccurate financial reporting.

Managing the Crisis: Internal and External Investigations,Dealing With Regulators, and the New World of Discovery. PricewaterhouseCoopers' Investigations partners Steven Skalak and Chuck Hacker are joined by Stephen Cutler, Mary Jo White, and Peter Lieb for a roundtable discussion. Reprinted with permission. The National Law Journal, April 2006

PricewaterhouseCoopers, the world's largest accounting, auditing, and business advisory organization is proud to announce the publication of this major new book, which guides auditors and other financial managers through the key techniques needed to address fraud in today's corporate environment.