Brief: CSP Inc files for non-timely 10-Q

CSP

15/08/2016 21:35

Aug 15 (Reuters) -  
    * CSP Inc files for non-timely 10-Q  
    * In "closing process" for quarter, became aware of 2 errors 
as a result of review of German subsidiary's balance sheet 
reconciliations - SEC filing 
    * Found in investigation that certain accounts receivable 
entries were booked in error to work-in-process inventory 
    * Management'S investigation determined that net debit 
balance in unit's deferred revenue account was "erroneously" 
reclassified to accounts receivable 
    * Expect to file the Q3 quarterly report on or before august 
22, 2016 
 
Source - http://bit.ly/2bzH5LL 
 
 ((Bangalore.newsroom@thomsonreuters.com;))