Corrections of errors resulting from the disobedience of GAAP are financial restatement. Financial statements can increase the integrity of financial information. If the financial statements are restated, they do not meet the fundamental quality, specifically those that can be trusted. The research was conducted to determine the effect of audit quality, institutional ownership, profitability, and XBRL on the restatement of financial statements in manufacturing companies for 2017-2021. Hypothesis testing used multivariate analysis using logistic regression. The results showed that partially profitability has negative effect on the financial restatement. In contrast, the audit quality, institutional ownership, and XBRL do not affect financial restatement for 2017-2021.

Link: Audit Quality, Institutional Ownership, Profitability and XBRL on Financial Restatement