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Using the Canada Restatements database
Who is this article for?
Users who want to learn about the Canada Restatements database.
No special access or permissions are required.
The Audit Analytics Canada Restatements dataset covers all SEDAR issuers who have disclosed a restatement of prior period financial statements due to calculation, application, or intentional errors.
1. Understanding the dataset
The Canada Restatements dataset helps you assess financial reporting quality and benchmark restatement severity across industries. You can identify companies that issue multiple restated financial statements.
The database is available online, through WRDS, and through data feeds [Feed60] with the relevant subscription.
- Saved Search Alert: Yes
- Daily Summary Email: No
2. Understanding the collection methodology
Currencies are converted from the reporting currency using the exchange rate as of the corresponding event date (Market Cap Rate, Revenue Date, Assets Date, or fiscal year end, as applicable).
Note: In August 2024, several fields were modified due to a change in source data. Industry Key and Industry Description were deprecated. Business Phone, Business Fax, and Contact Fax were replaced by two new fields: Phone and Fax.
The disclosure of the prior period restatement is extracted, and the corresponding issues are tagged along with type of restatement (calculation, application, intentional, or other), International Accounting Citation(s), the restated periods, and the impact (positive or negative).
Data is sourced from the following form types:
- Annual report
- Interim financial statements/report (and amended)
- MD&A (and amended)
- Audited annual financial statements (and amended)
- Management information circular
- Filing statement
- Revised annual report on Form 10-K
- Annual report on Form 20-F
- Annual information form
- News release
- Material document
- Cover letter
- Material change report (and amended)
- Financial statements of operating entity
- Material document (and amended)
3. Searching the dataset
The Canada Restatements search page offers filters to refine your search results.
| Name | Description | Data Dictionary Field(s) | Sort By? |
| Search by Ticker or Issuer Number | Filter results to a specific population | Issuer Number CIK Code Ticker | Yes |
| Search Disclosure Text | Search for text containing keyword | N/A | No |
| Market Index | Filter by SEDAR Market Indices | Current TSX Issuer Current TSXV Issuer | No |
| Impact | Indicates whether the impact of restatement was positive or negative | Impact | No |
| Currency | Filter by representing currency in which audit fees were reported | Reported currency | No |
| Market Cap (CAD) | Filter by companies’ market caps | CAD Market Cap | Yes |
| Revenue (CAD) | Filter by companies’ revenue | CAD Total Revenue (MRFY) | Yes |
| Assets (CAD) | Filter by total assets as of asset date | CAD Total Assets | Yes |
| Filter by Industry | Filter by companies’ industry(s) | NAICS Code | No |
| Company Location | Filter by current business address location(s) | Bus City Bus State Bus Country Bus Code | No |
| Filing Date | Filter by a range of dates on which source filing was submitted to SEDAR | Filing date | Yes |
| Begin Date | Filter by period beginning date for which the registrant is restating | Restatement Period Begin | Yes |
| End Date | Filter by period ending date for which the registrant is restating | Restatement Period End | Yes |
4. Viewing and accessing results
Results appear at the bottom of the page. You can access the following through hyperlinks:
- CSV file downloads of the results
- Canada Restatements Data Dictionary download (all fields available in the CSV are defined here)
- Overview of individual companies' profile
- Filing date (opens the restatement file for a given entry)
All restatement texts of a given company are available for viewing on the company's overview profile.
