Posted On: 05/10/2015 12:21:19 PM
Post# of 2009
Quote from Jerry's response today:
As I was thinking, the quarterly reports are being reviewed by auditors, not audited as seen in the wording. Additionally, the review of quarterly reports is required by SEC per a final ruling back in 2000:
https://www.sec.gov/rules/final/34-42266.htm
Quote:
"Even if there may be such a provision, it is in the best interests of the Company’s shareholders and its business partners, creditors, etc. to be a fully reporting issuer which includes yearly audited financial statements and quarterly reports that have been reviewed by the auditors "
As I was thinking, the quarterly reports are being reviewed by auditors, not audited as seen in the wording. Additionally, the review of quarterly reports is required by SEC per a final ruling back in 2000:
https://www.sec.gov/rules/final/34-42266.htm
Quote:
"Registrants must obtain reviews of interim financial information by their independent auditors starting with their Forms 10-Q or 10-QSB to be filed for fiscal quarters ending on or after March 15, 2000."
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The fault-finder will find faults even in paradise. -Henry David Thoreau
