As previously blogged, HHSE has been told that cer
Post# of 7499
Posted On: 06/09/2016 12:35:39 PM
As previously blogged, HHSE has been told that certain steps will minimize the auditor's notes on the Form 10, and HHSE would be required to conform to certain standards in order to receive limited footnotes from the auditors - and likely - limited commentary from the S.E.C. review of the Form 10-12(g). Those "recommendations" include:
a). Updated Film Library Report;
b). 2015 Tax Returns; and
c). Internal Procedures / Controls under Sarbanes-Oxley Act 404 Guidelines.
Over the past few weeks, HHSE completed the management tables elements for the updated Film Library Report (worksheets and presentation), and this item is already under third party review for a current valuation.
That is from 1 APR 16 Blog, so at some period between JAN - MAR 16, HHSE received an "overvalued" library valuation and somehow couldn't rectify the situation in well over two months?
a). Updated Film Library Report;
b). 2015 Tax Returns; and
c). Internal Procedures / Controls under Sarbanes-Oxley Act 404 Guidelines.
Over the past few weeks, HHSE completed the management tables elements for the updated Film Library Report (worksheets and presentation), and this item is already under third party review for a current valuation.
That is from 1 APR 16 Blog, so at some period between JAN - MAR 16, HHSE received an "overvalued" library valuation and somehow couldn't rectify the situation in well over two months?
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