Nope. It doesn't work like that. For one thing, it

Nope. It doesn't work like that. For one thing, it's not correct to say that "an auditor could not present fairly..." Auditors don't present anything other than an opinion. They simply opine on the fairness of the statements. Auditors can't have anything to do with the preparation of the statements that they audit.

Note that an auditor's opinion does not state that the statements are accurate - only fair. That's a huge and important distinction. Unless an auditor tested every transaction and there was nothing that introduced any measure of uncertainty, it would be impossible for an auditor to say the financial statements are "accurate."

There is always uncertainty when there are lawsuits yet companies still file on time. A company's accountants rely on an opinion from their lawyers as to what is more reasonable than not with respect to the outcome of legal actions, and appropriate disclosure is made in the footnotes. The auditors give their opinion based on that reliance and disclosure.

Nothing you've described creates a situation where QMC could not have filed.