StoneMor Partners L.P. Provides Update on Accounting Review
StoneMor Inc. (STON)
US:NYSE Investor Relations:
stonemor.com/investors/default.aspx
Company Research
Source: GlobeNewswire
TREVOSE, Pa., July 17, 2017 (GLOBE NEWSWIRE) -- StoneMor Partners L.P. (NYSE:STON) (“StoneMor” or the “Partnership”) today provided an update regarding its ongoing review of certain of the Partnership’s previously issued consolidated financial statements. The Partnership is working to complete the review, but at this time it remains ongoing. The Partnership continues to believe that the revisions to previously reported financial information resulting from this review will principally reflect a net decrease in deferred revenues and deferred selling costs and an increase in partners’ capital on its previously reported consolidated balance sheets. The Partnership also continues to expect that the results of these corrections will have an immaterial impact on cash flows for the three years ended December 31, 2016. The Partnership remains committed to filing its Annual Report on Form 10-K for the fiscal year ended December 31, 2016 (the “Form 10-K”) as promptly as practicable, an
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