Elite Pharmaceuticals Inc (ELTP): That’s an SEC guideline, not Elite’s. An...

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Elite Pharmaceuticals Inc (ELTP)

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Re: jammy32 post# 369697

Saturday, 06/04/2022 11:01:03 AM

Saturday, June 04, 2022 11:01:03 AM

That’s an SEC guideline, not Elite’s. Annual results are the only ones that are audited, which is why it also takes longer. Quarterly Q’s are not fully audited. Auditors work with tons of clients so extra time provides flexibility. Elite isn’t a huge company so they work with smaller audit firms they can afford that have less staff and can take longer.

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