Goodyear completes accounting investigation

From Rubber & Plastics News

Akron, Ohio-Goodyear has completed an investigation into its overseas accounting operation and likely will record a reduction of about $10 million in net income for the results posted between 1997 and 2003.

Most of the reduction involves the firm’s European Union business, the company said. Goodyear now plans to file its 2003 10-K report and its amended 2002 10-K by mid-May.

The accounting probe was launched in early December, and on March 9 the company said it was taking disciplinary actions against several…

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