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ed longstock

08/05/15 3:58 PM

#23685 RE: Newtoscrc #23684

Maybe
Who knows the conditions SCRC's financials. Perhaps the old auditor wanted nothing to do with the account due to the problems and in reality dropped SCRC as a client.
SCRC is basically auditor shopping. Not a good thing
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coolerheadsprevail

08/07/15 11:45 PM

#23694 RE: Newtoscrc #23684

You would like to think that since this is the slow season that the new firm could crank out the 2014 K fairly quick.


Tough to say, but my hunch is that it won't because typically when auditors are changed mid-audit, the new auditors are not going to rely on the work of prior auditors; they will want to perform their own procedures and independently verify the nature of the control environment for themselves. And the departing auditors are not going to simply handover all the work they did, so it is questionable whether the new auditors even have anything to build off of or if they need to start from square one all over again.