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Biotech / Medical : Labwire Inc. -- Ignore unavailable to you. Want to Upgrade?

To: scion who wrote (1656)	8/30/2009 3:20:31 PM
From: scion	1 Recommendation Read Replies (1) \| Respond to of 1698

Without this registration, Moore and Associates can no longer perform audits of public companies or grant consent to use a previous audit in a filing with the SEC. Seale and Beers Statement former clients of Moore and Associates sealebeers.com Statement to former clients of Moore and Associates August 28th, 2009 As you know, on August 27, 2009, the Public Company Accounting Oversight Board revoked Moore and Associates’ registration. Without this registration, Moore and Associates can no longer perform audits of public companies or grant consent to use a previous audit in a filing with the SEC. Mike Moore and Moore and Associates paid the government over $300,000, a fraction of the potential legal expenses they faced to fight the allegations, while not admitting to any wrongdoing, and the matter is now settled. In anticipation of this settlement, Bob Seale (a 20-year CPA friend, former Ernst auditor, former managing partner of a multiple-city Nevada CPA firm, and longtime personal hero of mine) and I have agreed to step in and service the many companies who have come to rely on Moore and Associates. Bob and I quickly came to the same conclusion as the PCAOB: Moore and Associates had attracted too many clients for one auditor to service. Since stepping up, Seale and Beers has: Two CPA partners who are active in the firm’s operations, Bob Seale and Bob Beers, both long-time continuous veterans of accounting, rising from roots in large national auditing practices. Moore is not a part of our new firm. Two more veteran CPAs each employed approximately half-time, helping supervise staff and research accounting issues. One full-time CPA candidate with a BA and MS in Accountancy and five years experience in small capital company audits, including experience with Deloitte, who is working toward licensure by the end of the year. A UNLV masters of accountancy candidate who starts a half-time internship on August 31. Full access to all of Moore and Associates past workpapers, and we have hired six of Moore’s seven audit assitants, all of whom are much more heavily supervised than they were at Moore and Associates. We have internally re-audited over 50 of Moore and Associates recent audits so far. A robust quality control policy which includes an active internal education program for our audit assistants, much more active internal monitoring of our work, and an exponentially greater supervision level of our staff. One week ago, we reached out to the Public Company Accounting Oversight Board to request an open line of communications with this very important regulator. Today, the PCAOB scheduled our first inspection for the week after next. We plan to offer them the most open door they have ever been offered by a registrant, as we share the PCAOB’s passion for ensuring that our new clients rigorously apply Generally Accepted Accounting Principles to every one of the financial statements that they present to the investing public. If you have any concerns about your company’s filings amidst all this change, I urge you to call me personally. Bob Beers, CPA Managing Member sealebeers.com