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Wednesday, January 16, 2013 5:12:26 PM
1. Report clearly states that the firm is REGISTERED and under Disciplinary Action Section it states NONE.
2. Based on the call I made to the PCAOB during the vetting process of selecting an appropriate candidate for the Board of Directors to interview, it was confirmed to me via telephone that if the firm's registration is active and there are no disciplinary actions then the firm is to be considered in good standing.
3. In the PR the word registered firm instead of member should have been used however, the idea was to let the the investor community know that this auditor was vetted by appropriate regulatory body. I believe that this was understood by everyone involved.
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