Attached files
| file | filename |
|---|---|
| EX-31.1 - STONERIDGE INC | v221125_ex31-1.htm |
| EX-10.2 - STONERIDGE INC | v221125_ex10-2.htm |
| EX-10.1 - STONERIDGE INC | v221125_ex10-1.htm |
| EX-31.2 - STONERIDGE INC | v221125_ex31-2.htm |
| EX-32.2 - STONERIDGE INC | v221125_ex32-2.htm |
| EX-32.1 - STONERIDGE INC | v221125_ex32-1.htm |
| 10-Q - STONERIDGE INC | v221125_10q.htm |
EXHIBIT 18.1
May 10, 2011
Board of Directors
Stoneridge, Inc. and Subsidiaries
9400 East Market Street
Warren, Ohio 44484
Ladies and Gentlemen:
Note 2 of the Notes to the condensed consolidated financial statements of Stoneridge, Inc. and Subsidiaries included in its Form 10-Q for the three-months ended March 31, 2011 describes a change in the method of accounting for inventory valuation from the last-in, first-out (LIFO) method to the first-in, first-out (FIFO) method for certain of its U.S. businesses. There are no authoritative criteria for determining a “preferable” inventory method based on the particular circumstances; however, we conclude that such change in the method of accounting is to an acceptable alternative method which, based on your business judgment to make this change and for the stated reasons, is preferable in your circumstances. We have not conducted an audit in accordance with the standards of the Public Company Accounting Oversight Board (United States) of any financial statements of the Company as of any date or for any period subsequent to December 31, 2010, and therefore we do not express any opinion on any financial statements of Stoneridge, Inc. and Subsidiaries subsequent to that date.
Very truly yours,