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    Paperwork burden sees Sony delay results

    Paperwork burden sees Sony delay results

    Company blames increased paperwork on US accounting rules

    Author Date published March 7, 2007 Categories

    Japanese electronics giant Sony has been
    forced to delay the announcement of its earnings results for the 2006/07 ending
    31 March.

    The company has blamed this delay on increased paperwork resulting from
    tougher accounting rules in the US.

    The
    regulatory
    filing     has been delayed by a few weeks and will now be filed on 16 May.

    Sony’s American depositary receipts are
    traded on the New York Stock Exchange.

    Further reading:

    Accounting rules for SMEs published

    ‘Non-domiciled tax rules are racist’

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