Century - Before SOX

http://www.sec.gov/litigation/admin/3437128.txt

Centuri made material misstatements in the financial
statements included in its Form 10-K for the year 1989, filed
with the Commission on March 27, 1990 ("1989 Form 10-K").

Specifically, Centuri materially overstated its net income and
accounts receivable, and materially understated its accounts
payable and accrued liabilities. Each of these misstatements
resulted from improper accounting practices at OSHI.

Forexample, OSHI staged sales, booked inventory out of period,
failed to timely record certain accounts payable liabilities,
and, in some instances, failed to record certain accounts payable
liabilities all together.

OSHI also made improper journal entries to reduce its accounts payable and increase its accounts receivable. OSHI also failed to accrue for certain liabilities as required by Generally Accepted Accounting Principles ("GAAP").