I think it is actually, I don't want to jump the gun, but the fact that Ed has performed a compliance item (getting off the admin on Facebook) tells me that all the findings have been laid out - in other words, the audit *should* be done. Now he and his team are just remodeling their processes and behaviors so as to comply with those findings.
Looking at the financial reports for accuracy and "truthiness" is only one piece. The auditors need to also layout what the company needs to do to stay in compliance with SEC regulations going forward.
At some point, there may be second engagement with the auditors to make sure that MYEC has complied with the findings. How elaborate that engagement is TBD. It could just be a phone call, or them coming back on site.
Ed will want the auditors to make an attestation, which is a legally sworn document by the firm which "attests" to the fact that MYEC is in compliance with all SEC regulations that he can file with the SEC. This of course, is needed not only to be in good graces with the SEC, but also to uplist.
