Data443 Risk Mitigation Inc (ATDS)

[DudeBug]

One last post on this subject ...

NO ... I do NOT want the audit to go on and on. That's not practical considering the current PPS. It's just that I understand how tedious and time-consuming audits can be and I am trying to be realistic in what to expect.

This comment about not auditing GM ... DO you have any idea HOW long it would take to audit GM for two years!! My question is probably as ridiculous as the comment!! Simply because it would take an army of auditors the better part of the first half of the year to do one year.

In an audit, they will literally touch nearly every piece of paper that has flowed through the accounting department for each year. They will test each entry to see if it has been entered properly on the books and who processed the A/Ps versus who processed the A/Rs ... and who signed the checks versus who approved the payables. Who receives the checks in the mail versus who makes the deposits. Who has authority for a check request and who can sign off on vendor agreements.

All of these processes are part of the audit so they can make sure that all areas are functioning properly and the numbers that appear in the financials are indeed valid without question. It's not a simple process of just verifying the revenue received and the bottom line numbers.