The discussion would probably be similar to the discussion regarding TAUG's not having a Board of Directors' Audit Committee in place. In numerous quarterly reports TAUG "committed" to appointing an Audit Committee. It did NOT follow through on this commitment! Obviously, TAUG did NOT have the audit review function that was needed to potentially avoid the Cowan "independence" error!
Continuing to suggest that TAUG is completely without fault, as it relates to auditor independence, is not supported by the reality of the situation!
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