Restatements or not, there would be no reason for an ongoing audit to take an additional 2 or 3 months to complete, especially if the audit was begun before year-end, which is normally required in order to verify inventories. That would mean approximately 4 and 1/2 months so far. Extending that to 7 months, could qualify for Guinness's longest SEC audit.
Question: Does BFAR have a last and final SEC deadline before being de-listed and relegated to bulletin boards? if so, why would they possibly jeopardize this by having the audit continue for another 2 or 3 months?
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