Sure, but I wouldn't assume that applies. I cannot say for certain but I don't think they are friends as in they socialized. I think it was more of a business friendship. I do know, and previously posted that I was under under the impression that the managing partner was teed off after the censure came out and I don't think they spoke for a long time, until the working papers were returned. One could see how immediately after the censure and TAUG's stock barely traded at .001 that he might have thought it was he was scammed.
In fact, I think an erroneous theory you put forward was That TAUG was in on the the entire thing with Cowan. In any event that was not the case. As far as rules, all you have to do is read the AICPA rules and you will clearly see all the rules Cowan Gutenski and Meyler violated, including failing to communicate the breach and not assisting TAUG in remedying the breach.
You are certainly free to believe whatever quid pro quo you want, I know Seth and don't believe that to be the case. It was a very difficult time raising money and I the auditsbwere not done as quickly as he hoped, I think he did not want to burden personal investors so soon after they had invested. That is just my take on it.
AI
