Wolverine Tube has had to delay the release of its second quarter results
after finding accounting errors in its inventory numbers.
The US tubing manufacturer made the admission to the SEC at the end of last
week in a document signed by David A Owen, Wolverine’s CFO.
‘The registrant discovered certain errors in previously issued financial
statements while preparing its financial statements for the period ended 29 June
2008,’ the US markets watchdog said.
Does Darwin's theory apply to taxation? Colin ponders...
The EC has been instructed to draft a European Union (EU) directive authorising an EU financial transaction tax, which would apply to ten of the EU’s 28 member states
Accountancy watchdog the FRC has dropped its investigation into the former chief financial officer of Tesco, nearly two years after the supermarket was engulfed in an accounting scandal
Colin imagines how Apple's logo might change in the wake of the EC's ruling over its Irish tax arrangements