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Re: ozz112 post# 274770

Saturday, 01/02/2010 8:37:37 AM

Saturday, January 02, 2010 8:37:37 AM

Post# of 346920
Wrong. CPA firms follow PCAOB AU Section 316 regarding fraud. As usual, its clear as mud but as long as a CPA follows advice from legal counsel, he can overcome the ethical and legal obligations of client matters. Considering R&H was once dismissed it appears to be a "no-brainer" that he could do anything under the circumstances. Throw in Section 10A(b)1 of the 34 Act and the chilling effects of "US vs Naselli" and the PCAOB will "stand down". Bottom line - They can do anything they damn well please under the circumstances. Shareholders will know shortly, one way or the other.
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