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Microcap & Penny Stocks : TSIS: WHAT IS GOING ON?
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To: Island Man who wrote (2686)6/14/1998 8:47:00 PM
From: John S. Baker  Read Replies (1) of 6931
 
There was some discussion about seeking a US CPA firm during the Annual Meeting in January. Any such switch must be done very carefully, with both firms signing off on the switch, lest the impression be given that the company is "shopping" for a favorable auditing firm.


My understanding is that companies generally do not switch in the middle of a fiscal year. Rather, they select a new company and ask the shareholders to ratify that selection during the next annual meeting.
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