Replies to post #34681 on AmeraMex International Inc. (AMMX)

[gtoken65]

Actually no...responsibility always falls on who is in charge. Sure the A/C goes out at a gym the owner doesn't literally fix it but the responsibility of it being fixed or not falls on him. Same with taxes...

As a taxpayer, you ultimately are responsible for the information reported on your return. If an error is made, you will have to pay any taxes that are due. Some preparers may pay associated penalties and interest.

All Tracie can do is her part...she is not auditing the company a paid professional Auditing Company is doing that. These auditors are finding something that doesn't jibe and that is why they switch from one to another:

They dropped Anton Chia after they said the audit was done and picked up dbbmckennon LLP because they said " is better aligned with the needs of AmeraMex." That has been done before...

Squar Milner was their auditor several year ago and it didn't get done or pass and they have a stellar reputation. It is all AMMX

About Squar Milner
Squar Milner is one of the nation's 100 largest accounting firms as well as one of the largest independent accounting and advisory firms in California. Squar Milner has offices in Los Angeles, Newport Beach, San Diego and the Cayman Islands, with a combined operating experience exceeding 75 years.
The firm's financial and accounting professionals provide high-end tax, accounting and consulting services to closely held businesses and SEC companies, their owners, and middle-to-high net worth individuals. Their dedicated consultants also provide high quality consulting in connection with litigation support, bankruptcy, and financial planning.

[pro bono]

My point is Tracy works for AMMX, LEE is the CEO and as such if Tracy can't accomplish the task within a specified timeframe whose fault is it Tracy's or Lee's for allowing it to continue. I would assert that the final responsibility rest with Lee.