Can any one tell whether the Quarterly Statements will be audited and when?
Can any one tell whether the Quarterly Statements will be audited and when?
Let me do little calculation first on that question about to a quarterly audit requirement, the new bill would equal 4X the current one (maybe only 3X as surely there would be some savings from having year round auditors). Can't really see that happening. They could be subjected to a higher review standard but realistically I can't see it changing from the annual period.
Quarterly auditing isn't the norm. I would say that 80% or better, use an annual auditing system.
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