InvestorsHub Logo
Followers 0
Posts 9515
Boards Moderated 0
Alias Born 08/18/2014

Re: goinsouth post# 249184

Thursday, 11/13/2014 11:19:24 AM

Thursday, November 13, 2014 11:19:24 AM

Post# of 380519
A company can't just audit a single quarter. The auditor has to have a starting point. If there are no audited financials from the past for the auditor to start from then he will have to go to the beginning of the company's existence.

The auditor can't just take the company's word for the past numbers. That's the whole point of having an independent audit.

P.S. this is why the claims of filing audited fins have always been an obvious sign of scam here.