Replies to post #44286 on Industrial Nanotech Inc (INTK)

[Demain]

Is it because the auditor was not willing to 'Cook the Books'?
Cook the books is a slang term for using accounting tricks to make a company's financial results look better than they really are. Typically, cooking the books involves manipulating financial data to inflate a company's revenue and deflate its expenses in order to pump up its earnings or profits. In some cases, such as INTK, it also means that judgments and liens such as the long-standing IRS liens are not mentioned and are excuded in the hilarious version of financials provided by Stuart.