I'm not sure if you're already aware of this, but turns out that COII's previous auditors were enjoined for forgery. Nobody can fault the company for not being consistent, LOL.
LYNNE MERCER PERMANENTLY ENJOINED AND ORDERED TO PAY DISGORGEMENT AND
PENALTIES
The Commission announced that on January 5, Lynne K. Mercer, a
Bountiful, Utah, accountant, was permanently enjoined and ordered to
pay disgorgement and civil penalties. The Commission's action
charged Mercer with forging the signature of his former partner on
audit opinions for the financial statements of three publicly-held
companies: Computerized Thermal Imaging, Inc., Son-Tech, Inc., and
Technology Selection, Inc. In issuing these audit opinions Mercer
signed the name of Ted H. Pierce & Associates, an American Fork,
Utah, accounting firm, without the firm's knowledge or
authorization. The State of Utah revoked Mercer's license as a
certified public accountant in 1992. The permanent injunction
prohibits Mercer from committing future violations of Section 10(b)
of the Securities Exchange Act of 1934 and Rule 10b-5 thereunder.
Mercer was also ordered to disgorge $5,855, representing the fees he
received from the wrongful audits, and a penalty of $5,855. Mercer
consented to the injunction and monetary remedies without admitting
or denying the Commission's allegations. [SEC v. Lynne K. Mercer,
U.S.D.C., D. Utah No. 1:99CV00029S] (LR-16409
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