Who knows what will happen, but people really don't understand the complexities of first time audits, especially with mining companies and the substantial amount of additional disclosure required.
An example, most substantive testing is capped at sample sizes of 25 for companies that are deemed to have an effective control environment, 25 was deemed statistically valid to extrapolate. Now some accounts or items require more testing depending on relative risk associated but 25 is the magic number.
When there is not an effective control environment, which most first time audits do not have as the private companies are usually small and do not have the processes in place for the auditors to place reliance. This results in no longer being able to sample test, you need to test enough of the transactions and activity to gain substantial coverage of the balances which at times means testing 100% of the activity. So instead of testing 25 invoices, you may now be testing 200 and that carries on through all testing of each account on the balance sheet for each year being audited.
Add in that historical documentation from previously private companies is not kept in as orderly or retrievable fashion so it can take longer and be harder to provide all said documentation. This is why first time audits are hard and often take much longer than expected.
I hated auditing private companies for this very reason, it is very tedious and the materiallity & testing thresholds are low. Lot of hand holding and back and forth to get everything needed.
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