as a CPA and a controller at a hedge fund i have to agree with SharonB. these things almost always take many months. it would be unheard of to do it in one month. i've seen people take more than a month to agree on the format of the presentation -after all the audit work was done. if this is the first published report and it will be used for filing then they will agonize and negotiate and reconsider every number and every sentence. and given the current legal enviorment everyone will be super cautious. it all takes time.