Dagan, listing requirements do not require a three year audit, since not all companies have a three year history. However, if annual financial figures are included in the registration statement, they should be audited.
Also, I am lost as to why you are bringing up the fact that Deloitte and Touche audited BII's financial statements. There are no "accounting irregularities" and I didn't see any mentioned on Stockhouse. Per their report:
"In our opinion, these consolidated financial statements present fairly, in all material respects, the financial position of the Company as at December 31, 1998 and 1997 and the results of its operations and its cash flows for each of the three years in the period ended December 31, 1998 in accordance with generally
accepted accounting principles.
DELOITTE & TOUCHE LLP Chartered Accountants
Toronto, Ontario March 3, 1999 "
Pretty standard.
Regards, t. |
