Data443 Risk Mitigation Inc (ATDS)

[DudeBug]

The audit engagement letters were signed on Sept. 4, 2009. That doesn't mean the auditors started immediately ... so actually the audit isn't running that far off schedule. It's just that everyone is so impatient or they don't have a clue as to what all is involved in an audit. I've worked on both sides of auditing and it is very time consuming for the auditors and the company employees.

Personally ... I like the fact that these reputable auditors are being very diligent in their work even if it means taking longer to complete. Once the books have been set for these first two years, then the compliant accounting practices going forward will follow suit.

BTW ... how many penny stocks have you run across that have audited their financials to be GAAP compliant ... especially within the first year??