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Re: Johnny_C post# 36979

Monday, 02/20/2017 11:16:58 AM

Monday, February 20, 2017 11:16:58 AM

Post# of 54032

Auditors are suppose to know the rules, and comply with them.


SO PUBLIC COMPANIES DON'T NEED TO KNOW THE RULES! WRONG! Public companies have a fiduciary obligation to the shareholders to know and understand the governing regulations!

If someone were interested in spending the money to pursue it, TAUG's error in not identifying the Cowan independence violation, is grounds for a shareholder civil action! The oversight was a breach of the BOD's fiduciary responsibility to investors! In US courts "IGNORANCE", i.e. being oblivious to the regulations, is NOT a legitimate defense!
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