Replies to post #344561 on NorthWest Biotherapeutics Inc (NWBO)

[marzan]

PM, if there are option awards granted as bonus awards to the company executives due to achievements such as Flaskworks acquisition, then will it not be signed of by the auditors?

[thermo]

The auditor does not perform an 'audit', true. That's why I used the phrase 'sign-off'.

I believe the following are the applicable corpfin rules:

4410.1 Prior to filing, interim financial statements included in quarterly or transition reports on Form 10-Q must be reviewed by an independent registered public accountant using PCAOB standards and procedures ...

4410.3 If the review was not performed by a registered public accounting firm, the Form 10-Q is considered substantially deficient and not timely filed. In addition, the Form 10-Q must include the following disclosures:

a. Identify the report as deficient;
b. Label the columns of the financial statements as “not reviewed”; and
c. Describe how the registrant will remedy the deficiency

See: https://www.sec.gov/corpfin/cf-manual/topic-4 for further detail.