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la_trader

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la_trader

Re: erpy post# 27532

Thursday, 01/30/2020 10:50:33 AM

Thursday, January 30, 2020 10:50:33 AM

Post# of 29669
from what I know of this process- having worked in the arenas of Sarbanes compliance and financial reporting, the length of time it takes to produce and release a Q or K is solely up the firm handling the audit. Nothing moves to filing until audit firm signs off on it and it is submitted to EDGAR / SEC.

the CEO has no control over the auditor process. this is a PCAOB compliant auditor, once they begin the audit you must stfu and do what they say until it is done. this particular Q represents a massive cleanup of subsidiary entities and i am not surprised at the length of time it is requiring. I don't see it as a matter of trust on ceo's part but that's just me.

My opinions are my own and are not a suggestion to buy or sell stocks. Always do your own homework.

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