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Re: sowhatsnext post# 8231

Tuesday, 08/12/2008 3:50:15 PM

Tuesday, August 12, 2008 3:50:15 PM

Post# of 11481
They may be working with the same auditors for a couple of reasons. The cost of familiarizing a new firm with this company's methods of accounting, the relationships between entities etc may take substantial amounts of time. Also, the existing auditors may
have "looked the other way" with respect to the treatment of certain items. Further, new auditors may have to qualify their opinion as to whether the company is a "going concern" at this time.
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