An audit of NTEK from an outsider who has done many audits might be a nightmare from the beginning. There were six divisions now only five with gaming (NTGL) being spun off but prior to that more than likely everything was being run through one ledger account. Although ICE and 3D may have had separate books before integration. Every transaction run through this one ledger account may need to be pulled out, identified and examined to see if it might belong to NTGL or any of the other divisions. Officers would need to be involved to make the determination. And remember up until 2013 DF was doing the accounting. Not sure on how the accounting department is setup or staffed but it probably has never been adequate. Maybe one of the members here who has visited can provide some insight.
Don't blame them much as this is a bunch of technology wizards getting their tech and ideas off the ground and didn't worry about the accounting necessary to get a start up company to be fully functional on the rules of engagement.
And then there is Uplink to be considered in the equation. How were it's accounting practices and how was it integrated?
It could be possible that the headline is true...2015 and 2014...as from SHLs it has been stated the accounting dept has been upgraded and some auditing had been done last year by Sadler?, so the new auditors may have been able to pick up where they left off.
Don't blame them much as this is a bunch of technology wizards getting their tech and ideas off the ground and didn't worry about the accounting necessary to get a start up company to be fully functional on the rules of engagement.
And then there is Uplink to be considered in the equation. How were it's accounting practices and how was it integrated?
It could be possible that the headline is true...2015 and 2014...as from SHLs it has been stated the accounting dept has been upgraded and some auditing had been done last year by Sadler?, so the new auditors may have been able to pick up where they left off.
