NW Pipe reports errors in results again
Dec 23, 2011 | 02:27 PM
| Michael Cowden
TORONTO Northwest Pipe Co. plans to restate its financial results again after discovering further errors in its accounting practices that could impact previously reported net income.
Northwest Pipe hasnt properly accounted for the depreciation of production equipment and didnt correctly estimate its salvage value, the Vancouver, Wash.-based steel tube and pipe maker said.
As a result, the company expects to restate its full-year 2009 and 2010 financial statements, which also impacts financial data for the first two quarters of 2011.....
To access AMM's full content, please log in below. If you do not have an AMM account, we invite you to take a free trial or subscribe below.
Already a registered amm.com user?
Access to amm.com editorial content is granted only to paid subscribers and trialists. If you do not have an active account in your own name, please either subscribe or take a trial and you will have instant access to amm.com content. Sharing your login credentials with individuals who are not subscribers represents a violation of AMM copyright.
Every morning, every minute no matter how often you follow the markets, there's an AMM subscription to fit your needs.
Not sure if you are ready to invest in a subscription right now? Take a free, no-obligation trial. Start your free trial today.