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Qihoo 360 Technology Co. Ltd. Message Board

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  • j_lee_3000 j_lee_3000 Nov 19, 2012 5:15 PM Flag

    Unaudited? $3billion company and they cant get an audit?

    Companies report quarterly earnings. These reports typically come out (depending upon the complexity of the business and the efficiency of their people) from between two weeks and one month after closing the quarter's books. NO ONE has audited statements. Audits occur annually.

    Everyone (in every country) reports unaudited financial statements on a quarterly basis. Even if this was the last quarter of the fiscal year there wouldn't be an audit yet.

    Hope that clarifies things for ya.

 
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