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Jake-P-Noch-

05/04/24 12:54 AM

#220792 RE: janice shell #220787

It's rather ironic that this happened today. I was just in the process of obtaining pricing for a PCAOB audit firm for some of my affiliated entities. After receiving exorbitant quotes (starting at 1M USD and up) from the Big 4 firms, I reached out to that specific firm, even though we never even asked for a firm timeline. They claimed that if we hired them and paid $20,000 USD, they would complete the full audit within 2-3 weeks maximum. However, anyone familiar with my company's financials knows that such a timeframe for a full PCAOB audit would be utterly impossible. This discrepancy was a major red flag for us, leading us to reconsider moving forward with them & thank goodness that we never did move forward with them