Financials to be restated.
FINANCIALS TO BE RESTATED. PT Holdings Co. Inc., Port Townsend, Washington, USA will restate its 2002 and 2003 financial statements following a re-audit by PricewaterhouseCoopers LLP. The re-audit evaluated whether accounting for replacement spare parts inventories was within generally accepted accounting principles Generally Accepted Accounting Principles (GAAP) The overall conventions, rules, and procedures that define accepted accounting practice at a particular time in the U.S.. The re-audit could result in other adjustments that may be material to the company's previously issued financial statements.
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