permanentjaun........this will be very generalized...but, my understanding (limited as it is) is that the Edgar audit is more than just the financial audit. Edgar is where you would want to formalize your company SEC reports, 8K, 10Q, etc. I suspect you must have the financial audit first (CPA certified) and then you must have the ability for verification through Edgar....electronically, and access on a continuing basis.
I'm confident that a certified audit of all pertinent figures would give a lot of validity to QBID...supposing a recognized accounting firm would be involved, but still far from what Edgar would need to meet all SEC requirements for formal reports and their verifications.
Nothing is full proof, however....don't forget Authur Anderssen and their misque's with the BIG boys.....all Edgar audited. Still a crap shoot. That's about the extent of my knowledge in this area....and it isn't much. IMHO Neal
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