Skystar Bio-pharmaceutical Co. (fka SKBI)

[RealDutch]

he will defend it for defending it's sake.

No I am not. But if this were a US company, then the employee would be proscecuted and that would be the end of it. You can't sue the company because they haven't reported anything yet.

But one has to wonder why the bank statements were passed on by higher level employees to the auditor. Where was the audit committee? Was it their responsibility to check it first? Now it will become a corporate governance issue. And the auditor may very well be pressing the company to disclose that internal controls are not effective, etc.

But, it's none of Nasdaq's business. Because they haven't bloody reported it yet! And all you fraud mongering shorts can do is yell "fraud". Which is wrong.