SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Microcap & Penny Stocks : American International Industries Inc. OTC BB Symbol EDII
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: ColleenB who wrote (3686)11/27/1998 7:37:00 PM
From: jmt  Read Replies (1) of 4814
 
Colleen:

A normal audit (and consolidation) would simply be testing the internal reporting of items such as revenue recognition, expenses, balance sheet items such as confirmation testing of cash, recievables, current liabilities etc. and internal controls.

I would guess it would be a real headache with the number of acquisitions that EDII recently added to the list

The more complex issues would be the valuations associated with the acquisitions. But it has been stated BDO Siedman has been there during each acquisitions, acting as advisor and auditing the companies prior to acquisition to support management in establishing a fair price. Therefore the complex valuation issues were documented prior to the close of each acquisition and should have no current bearing on any of the delays.

jmt
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2025 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News