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Posted On: 03/03/2022 5:53:23 PM
Post# of 22465
Re: Puravida19 #21412
That could not possibly be more wrong. A company's financials are 100% the responsibility of the CEO and CFO. All the auditors do is attest to the fairness of the representations made. The failure is 100% on management - not the auditors.
Since a failure to file is, by definition, management's failure to maintain financial control, that's the simple reason why the auditors didn't give an opinion, baseless, unsupportable wishful thinking about blaming it on lawsuits notwithstanding.
And yes, lots of people who saw their liquidity wiped away by management's failure to file do care.
Since a failure to file is, by definition, management's failure to maintain financial control, that's the simple reason why the auditors didn't give an opinion, baseless, unsupportable wishful thinking about blaming it on lawsuits notwithstanding.
And yes, lots of people who saw their liquidity wiped away by management's failure to file do care.
Quote:
Nobody cares why the Auditors didn't give their opinion, good or bad, the fact is they didn't, and that's on them, not QMC.
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