Silicon Investor (SI) -- The First Internet Community

STOCKTALK

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.

Strategies & Market Trends : Waiting for the big Kahuna -- Ignore unavailable to you. Want to Upgrade?

To: MythMan who wrote (34213)	11/23/1998 5:19:00 PM
From: yard_man	Read Replies (2) \| Respond to of 94695

Well, if you've dealt with them, I suppose you know what an audit of that nature is like. Far from exhaustive, right? I mean, it may feel exhaustive if you have to dig up information for one of them and it may take up a lot of your time, but in the overall scheme of things how much of the documentation do they handle. A set of accountants that come in and do that -- can only spend so much time. They don't assume they are auditing crooks. Rather there are certain standards -- certain records are spot checked to see if those reporting standards are met, but as to the actual supporting materials -- no way can they go through it all, right? The other item -- independence? It's just like anything else. Does the outfit want to keep the client?