'quantumvibes' pid='30800' datel Wrote:
'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.
Sorry - I should've added that given the un-audited nature of the quarterly report and the fact that MW has alleged negligence on the part of PWC, the matter would still drag on as overhang until probably at least the independent audit/legal review is finalized/disclosed.