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2014trader

01/30/20 10:42 AM

#27533 RE: erpy #27532

he never specified a date so if you're going to call him a liar for that then everyone is a liar

la_trader

01/30/20 10:50 AM

#27534 RE: erpy #27532

from what I know of this process- having worked in the arenas of Sarbanes compliance and financial reporting, the length of time it takes to produce and release a Q or K is solely up the firm handling the audit. Nothing moves to filing until audit firm signs off on it and it is submitted to EDGAR / SEC.

the CEO has no control over the auditor process. this is a PCAOB compliant auditor, once they begin the audit you must stfu and do what they say until it is done. this particular Q represents a massive cleanup of subsidiary entities and i am not surprised at the length of time it is requiring. I don't see it as a matter of trust on ceo's part but that's just me.