	foster fwc unit audit reveals discrepancies foster wheeler corp fwc said an audit of its sts airport equiment co inc unit revealed substantial discrepancies in sts accounts that may require material adjustments to previously announce consolidated results of the company and its subsidiaries foster said certain st officers and senior management made st s operations appear more profitable than they were by improperly recording job costs it said st s president and controller had resigned a foster spokesman said he did not know the names of the president and controller and could not immediately comment on the release foster said the amount involved in the discrepancy is about mln dlrs before taxes or about mln dlrs net after tax due to an improper recording of job costs over a period of several years and continuing through part of the first quarter of sts is a unit of foster s conergic corp subsidiary the company said the impact on its results for was not likely to be significant but the amount to be charged to prior periods had not been determined foster reported after tax ings of mln dlrs mln dlrs and mln dlrs for and respectively sts based in crowley texas makes airport baggage conveyor equipment and passenger loading bridges foster a diversified international concern with subsidiaries operating worldwide is based in livingston new jersey its reported revenues for the period ended december of billion dlrs the company said a detailed audit and investigation is continuing a company spokesman declined to comment further on the investigation reuter 
