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Re: Newtoscrc post# 23684

Friday, 08/07/2015 11:45:11 PM

Friday, August 07, 2015 11:45:11 PM

Post# of 24848

You would like to think that since this is the slow season that the new firm could crank out the 2014 K fairly quick.


Tough to say, but my hunch is that it won't because typically when auditors are changed mid-audit, the new auditors are not going to rely on the work of prior auditors; they will want to perform their own procedures and independently verify the nature of the control environment for themselves. And the departing auditors are not going to simply handover all the work they did, so it is questionable whether the new auditors even have anything to build off of or if they need to start from square one all over again.