To do the current audit everything had to be reviewed back to the 2008 audit. The auditor had to stub back to a proven baseline and go forward from there.
So every single transaction from 2007 forward (everything included in the 2008 audit) had to be covered.
That's basic accounting. So to say 2011 was not audited is misleading. It had to be included in the current audit in order for the auditor to sign off.
LOL...outdated and irrelevant OLD COMPANY 2011 audit speculation???
I assume the NEW company ESCU is doing well in 2016 then :)
WOW...S-1 info shows the CEO of Kerry Capital that assessed ESCU’s $40,000,000 asset is a MBA Harvard Graduate and has over 25 years of experience in the field!