Thursday, May 12, 2011 12:40:17 AM
You are drawing your experience off of a public institution operating off completely different accounting pronouncements regulated by the GASB and fund accounting. This does not equal an organization operating for a profit and one that takes direction from a completely different standard setter.
The two simply do not relate. Not trying to disrespect you, but if you are suggesting that people should gain comfort by the fact that its "ok" for an financial statement & even an M&A audit to take 60 days than I should make it known that this is 100% incorrect.
60 days = 1/6 of the year. A fundamental and over riding theme of an audit is to take a "snapshot" of a company's underlying economic conditions at that point in time. Alot happens in 60 days. If you took that long to perform an audit you would never stop auditing because the conditions could change so much between day 1 and day 60. This is especially true for a development stage company such as BRZL.
The two simply do not relate. Not trying to disrespect you, but if you are suggesting that people should gain comfort by the fact that its "ok" for an financial statement & even an M&A audit to take 60 days than I should make it known that this is 100% incorrect.
60 days = 1/6 of the year. A fundamental and over riding theme of an audit is to take a "snapshot" of a company's underlying economic conditions at that point in time. Alot happens in 60 days. If you took that long to perform an audit you would never stop auditing because the conditions could change so much between day 1 and day 60. This is especially true for a development stage company such as BRZL.
Recent ADTI News
- Form 8-K - Current report • Edgar (US Regulatory) • 04/06/2026 08:01:30 PM
- Adapti, Inc. Completes Acquisition of Levelution Sports Agency, LLC, Expanding NIL and Athlete Representation Capabilities • ACCESS Newswire • 04/02/2026 12:00:00 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 03/06/2026 11:09:45 AM
- Form 10-Q - Quarterly report [Sections 13 or 15(d)] • Edgar (US Regulatory) • 02/17/2026 09:26:20 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 11/24/2025 10:16:31 PM
- Form 10-Q - Quarterly report [Sections 13 or 15(d)] • Edgar (US Regulatory) • 11/19/2025 06:01:11 PM
- Form NT 10-Q - Notification of inability to timely file Form 10-Q or 10-QSB • Edgar (US Regulatory) • 11/14/2025 09:00:04 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 11/13/2025 09:23:36 PM
- Form 8-K/A - Current report: [Amend] • Edgar (US Regulatory) • 10/30/2025 06:15:41 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 10/29/2025 08:49:10 PM
- Adapti, Inc. Signs Letter of Intent to Acquire Levelution Sports, Expanding NIL and Athlete Representation Capabilities • ACCESS Newswire • 10/20/2025 12:00:00 PM
