Audits in this type of situation are not a single pass type of thing. The company performs an audit, closing out and reconciling each quarter for as long as the company has been in operation (how many quarters is that for RCCH?) Then the audit results are given to the exchange doing the uplisting, and the exchange's accountant look over the results of the audits, usually suggesting corrections. If the needed corrections have to be made in quarters that are a couple of years back, then everything from the corrections forward in time has to be re-examined to see if the earlier corrections affected anything.
It is a long iterative process. RCCH may not be a massive billion dollar company, but you seem to miss the point. General Electric can reconcile and audit their books because they have been doing exactly that for years (decades, actually). Everything is completely organized and in place. When an audit occurs, only the quarters since the last audit need be examined, which usually means just one year's worth of quarters. Plus all the data is in a format that the auditors work with.
For RCCH, this first audit not only has to examine all the data since the company's origins, but it also has to take the time to organize all that data properly so that the data can be audited. Also, every past officer of the company has to be contacted and interviewed, and the financial relationships that the company had with those officers need to be examined, documented and audited for consistency with the fiscal operations of the company.
I've been through audits. They do not progress quickly. Indeed, someone posted that a usual uplisting takes two or three years. The RCCH uplisting is being expedited to take only a year.
While I would like to hear more from the company, I also keep in mind that until the audits are released, we are all dealing with a pink sheet company.
