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Re: toncatmad post# 5060

Monday, 06/10/2019 1:35:59 PM

Monday, June 10, 2019 1:35:59 PM

Post# of 25780
And for a first time audit of a company like this, the testing would be near 100%, sample sizes go out the window since an effective control environment would not exist enough to rely on sample testing.

Overall the company has a pretty clean balance sheet which should make it a little easier but still requires a lot more testing that the typical audit, especially since they want to file a Form 10 and be SEC reporting. One thing to just get an audit done, a whole other thing to be SEC reporting and Form 10 filing.
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