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Re: dubz25 post# 114331

Thursday, 12/17/2020 11:44:06 PM

Thursday, December 17, 2020 11:44:06 PM

Post# of 138741
To perform this audit, beginning and ending balances need to be audited so I was writing in that sense. Maybe they audit beginning and ending at the end of the period under audit and it takes less time or maybe they audit beginning after the beginning of the period under audit and ending after the end of the period under audit so it would take a year. For this comment I casually stated a year just based on the period of time that needs to be audited. The amount of work is extensive. Any time estimate is constrained by their capacity to assist in the audit, the firms capacity to perform the audit and to a lesser extent, their ability to pay for the audit. Sorry if I didn’t get the same time estimate as a year ago but it is entirely possible that I was looking at it in a different way now than I was then. It’s not black and white and neither is investing. It would depend on the approach and the preparation. I don’t think we’d have any clue if they began already.

It’s good to be contrarian. But you really should find something you can believe in.