PCT Ltd (PCTL)

[Godough]

Seems to me that many of you have never been through an Outside CPA Audit.
It's not just checking the math on a report. Its about verifying systems. Inventory control and tracking, cash accounting and control, Interviews with key personnel in several areas, Including the outside accountants.Taking several "sample" documents, from at least sales, lease, purchases, banking, etc, ANYWHERE Fraud and theft could be occurring. Then make a finding, Unqualified is best. Possibly make recommendations in areas that have the potential for abuse. This is all specified by the PCOAB. So although I would like to have the reports filed, they can't file them until the Auditor taps out. I'm also reasonably certain that we are not their only client. We are not in OZ anymore.