Amfil Technologies Inc (FUNN)

[RMEG]

No offense Rocket, but a simple google inquiry,"Do CPA firms audit quarterly results". produced the following in about 5 seconds and may prove to be useful in understanding audits, quarterly & yearly :

http://smallbusiness.chron.com/responsibilities-audit-firms-quarterly-financial-statements-34627.html

http://smallbusiness.chron.com/audit-quarterly-financial-statements-15384.html

http://smallbusiness.chron.com/6-phases-financial-statement-audit-3775.html

http://smallbusiness.chron.com/example-financial-audit-checklist-24968.html

Some large companies have external auditors on site year round with their own office to review transactions, while others hire auditors to audit quarterly results without rendering an opinion. The previous 3 qtrs audited results are combined with the audit of Q4 to render an opinion for the entire fiscal year. With quarterly audits completed year end audits do not take as long since 75% of the yearly/annual audit is already performed and the auditors are already very comfortable understanding the company's operation & financial record-keeping, etc...