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Re: goinsouth post# 249328

Thursday, 11/13/2014 3:10:31 PM

Thursday, November 13, 2014 3:10:31 PM

Post# of 380519
That means they have to produce two years of audited financials. In order for those to exist - by definition - then audits had to have been performed from the company's inception.

For Example: Company XYZ that has existed since 2000 which has never been audited cannot simply hire someone to audit 2011 - 2013. What numbers would they start with to represent 2000-2011? Simply accepting the company's word would cause that auditor to lose their license.

That's probably why NTEK can't find an auditor.