Here is your answer for you bud Ray.
E-MAIL FRM RAY BARTON:
As we have both been saying for about two months now, under the accounting definition it's not called an "audit" unless the entire history is done but it is exactly the same thing. The disclosure released today posts last years numbers along side this years, and NO accountant is going to sign off on numbers as an audit that they haven't audited yet. Since they have not release last years numbers as "audited", It's called a review. that's the definition you must use when you audit a single quarter (or less than 2 years) and that is legally the terminology that must be used. In the end, the CPA says that the information is correct and has been checked, that is an audit. that is why it says (unaudited) next to last years figures and not next to this Q's figures.
That is exactly what was promised. One quarter
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