They may be working with the same auditors for a couple of reasons. The cost of familiarizing a new firm with this company's methods of accounting, the relationships between entities etc may take substantial amounts of time. Also, the existing auditors may have "looked the other way" with respect to the treatment of certain items. Further, new auditors may have to qualify their opinion as to whether the company is a "going concern" at this time.
SOwhatsnext.....is the 10K correct?...i would say YES...RW was not invovled in compiling the info for it...and Todd signed off on it so if there is false info in it Todd goes to jail....when the US auditors went to Russia in Jan 08 they ""thought"" the had put in place proceedures to conform with US reporting requirements...
RW was cut off from company operations before the 10 k was released...
Do i think the company is useing me?...not sure what you r impying by that...but i disiminate my findings with NO prompting for NNRF management...in fact some of the info makes them liable as they should be...if they are to move forward and make this company a sugcess they need to clear the air and give a clear bussiness statagy going forward...thats all i ask..
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