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chemist72

02/10/18 3:29 PM

#30328 RE: Old Tymer #30325

Thanks Old Tymer. Only one I dug into so far was the one from 2016 where they got rid of Jay Norris. Here's a link to their current management team:

http://www.malonebailey.com/About-Us/Management-Team/

Seems they have 7 lead auditors 6 of whom are Chinese or otherwise Asian. If you look at their listing on the PCAOB website you can get info on the 168 audits they performed in 2017 and the 4 so far in 2018:

https://rasr.pcaobus.org/Firms/FirmSummaryPublic.aspx?FirmID=B9E43B048442C08A4D2551008D95749C

No disciplinary proceedings listed but 11 inspection reports. I don't know if that is a large number, an average number or a small number of reports. I'd have to look at other audit firms of comparable size to get a feel for that and I got too many other things to do to worry about that right now. -lol

Rcranga

02/10/18 3:35 PM

#30329 RE: Old Tymer #30325

#1 CANNABIS STOCK IN THE WORLD, SIGO,

Rcranga

02/10/18 4:04 PM

#30337 RE: Old Tymer #30325

30 SECONDS? IT ONLY TAKES ME 1 SECOND TO READ THE BOTTOM LINE ON MY SIGO STOCK PORTFOLIO TO KNOW I MADE A REALLY REALLLY GREAT INVESTMENT.

surfkast

02/10/18 4:14 PM

#30341 RE: Old Tymer #30325

If SIGO files, accountants will be checking and any discrepancies will be sent to the PCOAB and probably the SEC.

surfkast

02/10/18 4:20 PM

#30345 RE: Old Tymer #30325

Certain of the deficiencies identified were of such significance that it appeared to
the inspection team that the Firm, at the time it issued its audit report, had not obtained
sufficient appropriate audit evidence to support its opinion that the financial statements
were presented fairly, in all material respects, in accordance with the applicable
financial reporting framework and/or its opinion about whether the issuer had
maintained, in all material respects, effective internal control over financial reporting
("ICFR"). In other words, in these audits, the auditor issued an opinion without satisfying
its fundamental obligation to obtain reasonable assurance about whether the financial
statements were free of material misstatement and/or the issuer maintained effective
ICFR.

https://pcaobus.org/Inspections/Reports/Documents/2015_MaloneBailey.pdf



Certain of the deficiencies identified were of such significance that it appeared to
the inspection team that the Firm, at the time it issued its audit report, had not obtained
sufficient appropriate audit evidence to support its opinion that the financial statements
were presented fairly, in all material respects, in accordance with the applicable
financial reporting framework. In other words, in these audits, the auditor issued an
opinion without satisfying its fundamental obligation to obtain reasonable assurance
about whether the financial statements were free of material misstatement.


https://pcaobus.org/Inspections/Reports/Documents/104-2016-163-MaloneBailey.pdf