Did you mean jumping the 'gun'? Yes, not keeping receipts is an accounting irregularity. Two missing receipts are accounting irregularities. They are also not the magnitude of infraction that is mentioned in a PR. When someone goes public with accusations of accounting irregularities, it means there is a material deficiency that makes producing reliable financial statements impossible. The financial statements would have to be qualified, ie, the auditor nor present management can't stand behind their veracity. If you think Schenk just didn't provide Fan with a couple of receipts, God bless ya. From everything we know of the former management team, the internal accounting and recordkeeping was non-existant. They apparently didn't even know how much debt they had or which company it belonged to.
