Cowan Gunteksi represented in writing to the Comapny before signing off on fiscal year 2014 financial statements that The firm was fully compliant with all independence regulation inclusive of rotation rule.
That written confirmation is critically important. I can assure I have done my due diligence on this
Seth Shaw is not to blame for this in any way and the court or jury will be able to consider everything properly
I'm not sure what the case is ultimately worth. But the facts are pretty damning against the old audit firm
On a positive note, the company has filed its Q1 fiscal 17 quarterly report this morning. Next one is the fully reporting trigger.
I have cautioned Seth not to rush into any deals or transactions because he can ruin all this hard work with a mistake. And that would be a travesty
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