Brief: Sutron says audit committee concluded that interim financial statements for three months ended March 31, 2014 should no longer be relied upon

Stran & Company

26/03/2015 19:13

March 26 (Reuters) - Sutron Corp  STRN.O : 
 * Audit committee concluded that interim financial statements for the three 
   months ended March 31, 2014 should no longer be relied upon 
 * Says errors relates to overstating the costs associated with the company's 
   service department 
 * Audit committee concluded that financial statements for 6 months ended June 
   30, 2014,9 months ended September 30, 2014 should no longer be relied on 
 * Says overstatement of cost was confined solely to the 2014 quarterly 
   statements 
 * Says adjustments to remove costs from each respective 2014 quarter had no 
   impact on the company's liquidity or cash position 
 
* Source text - http://1.usa.gov/1OBgF6a 
 
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