9. However, the percentage of profitable companies (untabulated) is similar for restating and control samples (80.7 percent and 82.0 percent, respectively).
10. The correlation between the MBA and CPA variables is negative, which indicates that CFOs typically do not procure both accreditations (only 8 percent of CFOs have both M.B.A. and CPA while 68 percent have either CPAs, M.B.A.s, or both).