11-04-2013, 07:24 AM
'admin' pid='30797' datel Wrote:I don't have an accountancy background, but if PCW gives them a clean bill of health on their Q3 (rather than resigning, as MW suggested), would that not sufficiently settle all of this?
JMO: The quarterly statements are un-audited. Still, I'd imagine PWC will have gone the extra mile at this point to comb through the numbers as carefully as possible and, if they did perceive a potential problem, would surely advise mgt to hold off on reporting until any issues could be resolved.
Given the high stakes involved, I'd take an on-time earnings announcement by mgt to be a tacit sign-off by PWC insofar as them not perceiving any audit issues that they feel should merit their intervention.