I'm not knowledgeable enough to understand all the

I'm not knowledgeable enough to understand all the wording in that 8k and what it all means to the company. but basically what I got from it was: The old auditor screwed up the financial reports for 2012, and those mistakes have a domino effect on the other reports after 2012 and so now the new auditor is cleaning up that mess and redoing everything correctly. so essentially they need to correct the 2012 reports and then they will be able to do 2013. hence why it is taking so long. Is this correct? what else am I missing?