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Re: nerd86 post# 67795

Tuesday, 03/13/2007 8:43:14 PM

Tuesday, March 13, 2007 8:43:14 PM

Post# of 157299
nerd, "if you were on the Audit Committee would you announce in advance of the SEC findings?"
If the scope of the internal investigation was complete, then most likely, yes.
Of course I believe that they're sharing information with the SEC. But the SEC expects companies, audit committees, etc. to get a handle on the issues. They expect them to conduct internal investigations, share results, and take remedial actions if/when necessary. In these days of SOX regulations, I imagine it can be tedious though.

The SEC can take as long as they want, as we know from other companies examples.

Pardon my venting, and it's all jmho,

futuristic

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