Part of the problem Peter may have had is understanding how quickly the audited financials can be produced and potential hangups that may develope since this is an initial audit!
If they say something based on what the auditors tell them, how is it their fault? They said it is out of their control.
If they don't say anything, then they are hiding and people will get pissed off.
Gee, anyone who has worked on a software project / engineering project can atest to this. If I had a nickel for everytime we thought something was going to be completed, etc. I would not have to be invested here.