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Hierophant

05/16/16 4:26 PM

#249607 RE: binford04 #249606

My wife is an auditor too, and she very much cares about confidentiality agreements. Different practice ethics I suppose. Gltu.

PennyStalker

05/16/16 5:39 PM

#249628 RE: binford04 #249606

Quote:
"It would be up to the company being audited to release the report whenever they see fit."

Exactly! The annual report is not automatically published when the auditors sign off.

Quote:
"Other alternatives are the audit firm found glaring errors in the financials which took a long time to resolve. Or they haven't got paid yet."

I think these 2 alternatives are highly likely to be the cause of the delay.

Other alternatives include:

1) disagreement with the auditors
2) seeking a second opinion
3) auditors issuing a disclaimer of opinion or withdrawing from the engagement (worst case scenario)