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Re: harvard homeboy post# 299064

Saturday, 02/27/2010 11:52:33 AM

Saturday, February 27, 2010 11:52:33 AM

Post# of 346920
Then you know R&H would have addressed this fraudulent customer/AR issue in their auditing procedures. This is public knowledge, and clearly stated in the SEC Sept investigation letter.

Extending AR auditing procedures beyond the normal confirmations and subsequent cash receipts is highly unusual, but sometimes necessary. It's clearly necessary in regard to SPNG, due to the public disclosures and the SEC involvement.

It appears you are questioning the professionalism of R&H. They know exactly what they are doing. You should know this for a fact, having participated in a GAAP audit, based on GAAS.
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