I completely agree with you, but I don't believe this is the case for ARYC. They said they hired RRBB back in October of 2016 and followed up with a series of incredibly vague and misleading tweets about "audit completion." He also mentioned they are "current internally" which didn't really make sense to me.
Hmmm, on the OTCM audits you do understand that the company ARYC provides the financials and the auditor assumes the financial information is accurate.
Have you ever read the letter the auditor attaches to the 10-K?
From a typical letter accompanying a OTCM audit.
"Basis for Opinion
These consolidated financial statements are the responsibility of the Company’s management. Our responsibility is to express an opinion on the Company’s consolidated financial statements based on our audits. We are a public accounting firm registered with the Public Company Accounting Oversight Board (United States) (PCAOB) and are required to be independent with respect to the Company in accordance with the U.S. federal securities laws and the applicable rules and regulations of the Securities and Exchange Commission and the PCAOB."
It is absolutely absurd to state the financials take months or years to complete.
The delinquent filings don't have to be completed and filed at the same time.
Sorry but a OTCM audit isn't complicated as the company provides the financial information to the auditor - which they assume is accurate.
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