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Strategies & Market Trends : Value Investing
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To: ValueGuy who wrote (41855)3/19/2011 9:03:02 AM
From: Madharry  Read Replies (1) of 79050
 
i agree with what you say. however, among the simplest task for any auditor is to reconcile and verify cash. this is done by sending verfication requests to the banks that hold the cash. i worked for banks for 20 years and saw dozens of these cpa requests. that is why I am so confident that the cash on the gfre statement is real. now imho if the auditor failed to this then they are competent and would be sued by an investor like me who is attaching normal reliance to a statement accompanied by an unqualified opinion with respect their balance sheet.
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