Replies to post #43084 on iTalk Inc. (fka TALK)

[DreamGreen]

Exactly IT! I don't think people realize how big of a project the resatements were. It is common to get behind on filings during re-audits AND during mergers! TALK was dealing with both at once.

Now that the 10k is out including resatements they are working on the 8k. A company has 90 days to get their 10k in with a full year audited Financials but people want an 8k with 6 month of audited fins done in a weekend?! It's unreasonable and short sighted.

Here is a link that explains how labor intensive and time consuming the resatements were. If people would leave Levy alone and let him get his work done maybe filings would be out sooner.

http://www.pwc.com/us/en/audit-assurance-services/accounting-advisory/restatements.html