(Total Views: 296)
Posted On: 09/26/2018 7:26:37 PM
Post# of 40992
* warning: not a tax expert *
Somebody wrote that the papers/details from the prior execs would be required for the tax periods prior to 2017. Steve came on board some time in 2016. Also I read that in order to uplist, (Steve's stated goal and reason for audit) ONCI needs two years worth of audits. If the goal in late 2017 was to uplist then Steve needed FY16 and FY17 books audited. If his goal shifts to FY2018, for example, he now needs FY17 and FY18 books audited. If so, by extension the need for data from previous execs would be now redundant. I'll add my own thought to this - if the data needed is associated with something material then it's certainly possible the FY17 and FY18 audits wouldn't be possible without said data.
Now I'm going back to my engineering corner.
- H.
Somebody wrote that the papers/details from the prior execs would be required for the tax periods prior to 2017. Steve came on board some time in 2016. Also I read that in order to uplist, (Steve's stated goal and reason for audit) ONCI needs two years worth of audits. If the goal in late 2017 was to uplist then Steve needed FY16 and FY17 books audited. If his goal shifts to FY2018, for example, he now needs FY17 and FY18 books audited. If so, by extension the need for data from previous execs would be now redundant. I'll add my own thought to this - if the data needed is associated with something material then it's certainly possible the FY17 and FY18 audits wouldn't be possible without said data.
Now I'm going back to my engineering corner.
- H.
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