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To: Paladin2

Yes, but the firm was in Palm Beach FL and only had 3 employees ... one of which is 78 years old.

You may draw your own conclusions.


14 posted on 12/16/2008 5:19:15 PM PST by BunnySlippers (I LOVE BULL MARKETS . . .)
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To: BunnySlippers

Did the auditor firm lawyer up yet?


18 posted on 12/16/2008 5:25:15 PM PST by Paladin2 (No, pundits strongly believe that the proper solution is more dilution.)
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To: BunnySlippers
Yes, but the firm was in Palm Beach FL and only had 3 employees ... one of which is 78 years old.

Damn, it seems like I do more due diligence on a freakin' compilation than the SEC did on a major Wall Street investment adviser.

For non-accounting folks, compilations are the lowest level of financial statements that CPAs prepare for their clients. Absolutely no opinion is offered by the preparer, unlike audited financial statements.

31 posted on 12/16/2008 10:17:33 PM PST by Night Hides Not (Don't blame me...I voted for Palin!)
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