Replies to post #116438 on Hannover House Inc (HHSE)

[choppers]

I am a former VP of Finance and can answer this

Usually audits are performed annually and not quarterly.

There is a lot more expense to do it on a more regular basis.

[Ardbeg]

Not necessarily, having audited quarterly reports is not required for SEC/Edgar reporting and to stay current on the OTC. It costs more money to have them audited every quarter, so many companies will just have the annual report audited.

No biggie and if you look at the numbers you will see that HHSE has been pretty close to GAAP. In fact they have been coming in slightly under (the new numbers have been adjusted upward slightly), so there shouldn't be any concerns about their unaudited reporting during the quarters.