Post by
pogohere on Mar 04, 2023 1:16pm
accounting delay
TAAT Granted MCTO for Filing Extension of 2022 Financial Statements
3-1-23
TAAT® Chief Executive Officer Michael Saxon commented, "As our business grows in magnitude, it also becomes more complex from an accounting perspective. The Company's management therefore made the decision to switch auditing firms, which prompted the need to obtain a filing date extension for our Fiscal 2022 financial statements. In addition to the fairly standard lead time for a new auditor to onboard a publicly traded entity like TAAT® as a client, a contributing factor to this extension is the addition of ADCO Distributors, Inc. ('ADCO') to the Company's portfolio. In ADCO's more than 60 years of operation, they have never undergone an audit on the scale of what is required for a public firm, which has required many things to be done for the first time. We thank TAAT®'s investors for their patience and understanding, and we expect the financials to ultimately be filed in advance of the new deadline."
https://www.marketscreener.com/quote/stock/TAAT-LIFESTYLE-WELLNESS-111322470/news/TAAT-Granted-MCTO-for-Filing-Extension-of-2022-Financial-Statements-43130477/
Comment by
Torcan81 on Mar 11, 2023 8:51am
Looking forward to the reaction