Replies to post #30745 on Green Oasis (GRNO)

[bigoledog]

audited financials :A company's financial statements which have been prepared and certified by a Certified Public Accountant (the auditor). In the U.S., the auditor certifies that the financial statements meet the requirements of the U.S. GAAP. (U.S., generally accepted accounting principles)An auditor can have an unqualified opinion, in which he or she agrees with how the company prepared the statements, or a qualified opinion, in which he or she states which aspects of the company's statements he or she does not agree with. In extreme cases, the auditor may express no opinion on financial statements at all, in the case that the scope of the audit was insufficient.


http://www.investorwords.com/325/audited_financial_statements.html

[techtrade]

Audited quarterlies for 2010 aren't unrealistic given that BDH is going to have to review the entire year in order to audit the 10-K. I wouldn't expect that GRNO will provide audited quarterlies for 2011 though, as that would incur the extra time and expense you're talking about. IMO you're making a mountain out of a molehill.

[XenaLives]

The CEO is not a member of the "professional investment community" either.

I still maintain that the final certification could come with the annual, but if the accounting firm has examined the data quarter by quarter before it is released the quarterlies would be audited in the common meaning of the term.

au·dit (ôdt)
n.
1. An examination of records or financial accounts to check their accuracy.
2. An adjustment or correction of accounts.
3. An examined and verified account.

http://www.thefreedictionary.com/audited

audit

1. An examination and verification of a company's financial and accounting records and supporting documents by a professional, such as a Certified Public Accountant.

http://www.investorwords.com/324/audit.html

Note the above definition is within the context of the investment community and it makes no mention of "certification".

Still seems like we have a mountain out of a molehill.