Posted On: 09/26/2015 10:46:15 AM
Post# of 74805
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Re: Crawford 04 #9760
Just how large, or relevant, an unadjusted accounting error is an auditing firm allowed without clarification? I would think that there would be some specific limitations. If not, what the hell good would audited financial reports really be? I had always assumed that there would be lines that if crossed, would result in legal ramifications and obviously cause serious damage to the reputation of the firm. You understand my concern, right? If they try to hide major accounting discrepancies that could be considered intentionally misleading to shareholders, that would be seriously stupid of them at this stage of their venture. If that were to be the case, I would be badly disappointed, but I'm extremely doubtful with the guidance they have in place. If you were up to that crap, why even bother to attempt an up-listing until you're done blowing smoke? If anything minor turns up, only bashers would work overtime to expose it, so I hope nobody here tries to blow minor issues up into something that they aren't. I'm not suggesting that you intend to do that, but I don't think any of us should go out of our way to hand bashers anything insignificant to twist around either. If minor errors are revealed but are essentially harmless, better off left unspoken of. I'm sure I'm speaking to the choir when directing this to you, but I just wanted to state my opinion on the subject.
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