Friday, October 12, 2012 11:23:31 AM
Its like going to a deli and complaining they don't have all the products a large grocery store has.
The penalties for fraud are the same audited or not. Auditors find errors more often than fraud.
Yes I believe the numbers. What kind of a fool would put out poor quarterly and annual reports to create fraud. The company is struggling but shows were the cash has moved based on asset and liability changes. If we saw large AR increases with no other asset changes, I would be worried.
Also they are not showing growth so far this year. Do you think the reports are false and they are heavily profitable. Seems a little foolish really.
So again if you want audit....IMMEDIATELY STOP TRADING STOCKS THAT DO NOT HAVE AUDITS AND HAVE NO REQUIREMENTS TO BE AUDITED.
There are 10 of thousands of companies that produce audits do to regulations. Wouldn't that be a better place.
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