Sycamore Entertainment Group Inc (SEGI)

[Powercat23]

Audits are usually only done for the previous year and are due 90 days after fiscal year-end (which is 3/31 for most companies since most have a 12/31 FYE). So in this case, they wouldn't audit 2014 until the first quarter of 2015. Now, I'm not sure what Canada is requiring, but if it's only the most recent year-end financials, that would be 2013. I would assume they would hire these same folks in February and March to complete the 2014 audit. They could have them review the 1Q14 and 2Q14 financials, but those are typically considered reviews and not audits. Again, I'm not sure what Canada is asking for in order to get the CTO lifted. I would hope SEGI is complying with whatever they are asking for.