Public companies routinely "restate earnings results" years later after a whole new C-Suite is saddled with the problem and after all the prior personnel and tr

Public companies routinely "restate earnings results" years later after a whole new C-Suite is saddled with the problem and after all the prior personnel and traders at the time of the original earnings already got their profits. It is disingenuous to say this is working well, assuming "well" means "prevent lying because 'audit'". It is working well for generating profits with minimal consequences for anyone.