Thursday, June 23, 2011 12:36:03 AM
As long as we're keeping it real...the SEC doesn't give a rats azz if they are buddies or the worst kind of enemies...and the PCAOB doesn't care either. Bottom line is a letter is expected, and it needs to be there within a reasonable amount of time. Along with that, the SEC doesn't go ask...they expect the company to be PROFESSIONAL....make that both companies.... and respond within a reasonable amount of time by requesting...and receiving what is required.
I don't believe...and just my personal opinion...that the previous auditor would be holding back from such a request. They have nothing to gain or lose in this by doing so....unless..."something" in a previous filing they audited was not quite as squeeky clean as it should be...and was allowed to slide on by?
if you aren't familiar with PCAOB...
www.pcaobus.org
just something to think about.
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