The FS for reporting to the SEC are for the previous two years. Technically that would we the 2nd half of 2012, 2013, and the first two quarters of 2014. Because breaking up a completed year (2012) would be more expensive, we will be auditing 2012, 2013 and the first two quarters of 2014 (known as a stub period). Hope this helps explain the audit process.
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