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Longwei Petroleum Investment Holding Limited Message Board

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  • chickenhatsdotcom chickenhatsdotcom Sep 8, 2011 12:45 PM Flag

    Toups impressed with auditors on the ground ......

    I keep suggesting to RedChip and Toups that they not be so concerned about a yop 10 auditor, as I'm perfectly okay withthe present crew. That said, both RedChip and Toups disagree with me and state a top 10 is needed for a company approaching $1 billion in revenue.

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    • If they make the change, however, the best time is for them to get on board for the NEXT fiscal year, and since the 1st quarter 10Q is due by November 15, it would be better for them to get on board for the second quarter so as to minimize any chances of a NT 10Q. But I'm not holding my breath here, as long as the existing auditor can crank out 10Ks on-time and the board of directors are satisfied then most likely you won't convince the thrifty Chinese management team to spend more on an auditor for next time.

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