Circa Pict. & Prod. Co. Intnl Inc. (fka CPPD)

[D-More-D-Better]

Yes imo the audit probably is for Q Television and rightfully so. Though, an audit of TMM is also deserved. That is the sub with actual business operations.
The "certification process" Big FO must be referring to is the overall certified audit procedure. I used to be jr accountant for an Asian bank division in WTC.
The outside acctg firm that audits your company's books reviews a fraction of your accountants' and acctg clerks' entries and journals to make sure they follow GAAP rules. They usually look at high dollar entry amounts, both deposits and expenses. At the end of the audit, the external firm's (most likely) senior CPAs have to review their junior staff's work and "certify" the audit and balance sheet/income statements as proper and accurate and assures that items were booked properly (unlike Enron) to the best of their auditing of such records.
My company had external certified audits done every year since inception. Only problem is, if they haven't had any completed and certified done in years past, the accountants may have to start from year 1 and proceed forward. Cause you can't certify an audit for the past fiscal year without having a "certified" true starting point.