Financials to be restated.
FINANCIALS TO BE RESTATED. PT Holdings Co. Inc., Port Townsend, Washington Port Townsend is a city in Jefferson County, Washington, United States. The population was 8,334 at the 2000 census. It is the county seat and only incorporated city of Jefferson CountyGR6. , USA will restate its 2002 and 2003 financial statements following a re-audit by PricewaterhouseCoopers LLP LLP - Lower Layer Protocol . The re-audit evaluated whether accounting for replacement spare parts inventories was within generally accepted accounting principles The standard accounting rules, regulations, and procedures used by companies in maintaining their financial records.
Generally accepted accounting principles (GAAP) provide companies and accountants with a consistent set of guidelines that cover both broad accounting . The re-audit could result in other adjustments that may be material to the company's previously issued financial statements.
COPYRIGHT 2005 Paper Industry Management Association
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 2005, Gale Group. All rights reserved. Gale Group is a Thomson Corporation Company.
|
Printer friendly
Cite/link
Email
Feedback
Reader Opinion