InvestorsHub Logo

runandadd

08/16/07 3:36 PM

#84579 RE: followinsnsr #84578

iF IT'S DEEMED TO BE A MATERIAL ERROR AND THEY ISSUED A NON QUALIFIED REPORT, THEY MAY HAVE A PROBLEM REGARDLESS OF THEIR MANAGEMENT LETTERS

nerd86

08/16/07 5:50 PM

#84584 RE: followinsnsr #84578

followingte
the warning offered is for the company to fix in the future. The auditors signed the finacials indicating there were no material errors in them. Read the auditors summary for every 10K. Regardless of anything they might have appended, they have agreed that no material errors existed. There is no copout on this for them, the CEO or the CFO. They have the right to refuse to sign if an error might be suspected under some number. They can demand to have more data or they can resign as auditor.