Auditors only audit what? Now if the auditors can't verify the information given to them by the CEO, the auditors will not sign off on the audit.
Yes and NO just ask Enron! You see the whole reason the SEC has tightened reporting was precipitated by the scandals of the early 2000's. Just ask Arthur Anderson if they signed off on the audit report before looking for items not on the balance sheet? The auditor's scope of work is to verify certainly and to open his eyes to conflicts in reporting? You sound like a wise person but still a little lacking! I believe the auditors could have completed their field work months ago but they to as Squires was were just as concerned about the K&L Gates and L2 court results! Just 2cts here its all coming together! $5+
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