Years of accounts will have to be restated, and its proud boast of industry-leading margins — it made 5.2%, nearly double its rivals — will be untrue.

It was his proud boast that he saw the group play more than 2,000 times and missed only two gigs.

His proud boast was that he could not turn on a television anywhere in the world without seeing a film being broadcast that he had helped make.

This sentence comes across as a proud boast, rather than a reluctant necessity.

In the years since this official made his proud boast, however, it became apparent that there were limits to the bureaucrats' power.