Replies to post #129410 on NeoMedia Technologies, Inc (NEOM)

[success622]

At the direction of Chip Hoffman; IMO;
I would think all new mgmt would want to start with a clean slate, especially accounting controls.

[beam11]

Internal control issues were discussed in detail in the 12/31/2006 financial statement.

With the sale of the subs and CEO leaving plus some other issues probably prompted and brought about many changes. Plus there has probably been some early consideration of changing to the current accountants, promoted by Cornell.

Generally in changing accountants, the new accountants will make suggestions to clean up internal controls, before they start performing accounting work. NEOM management probably had a list of issues to be addressed, from the previous as well as the current accountants.