Question: How does legitimacy theory help explain the reasons for the following errors in accounts? - The company restated its 2019 accounts from a profit of

How does legitimacy theory help explain the reasons for the following errors in accounts?

- The company restated its 2019 accounts from a profit of $11.6 million to a loss of $145.8 million. The business lost $174.5 million in the year to June 2020.

-The company also wrote down its goodwill and brands by $75.9 million. It also had to write down $60.1 million due to "out-of-date,

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