OTCPK:TOUBF - Post by User
Comment by
Preteriston Sep 07, 2011 12:29pm
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Post# 19018303
RE: E&Y audit
RE: E&Y audit"Ernst& Young LLP advised its audit committee “that it has suspendedprocedures with respect to the audit of the Company’s financialstatements for the year ended June 30, 2011, until the Company clarifiesand substantiates its position with respect to issues pertaining to thecurrent and prior year which EY has identified in the course of EY’saudit work,” said a release, noting that Ernst & Young, “recommendedthat the issues identified be addressed by an independentinvestigation.”"
And yet E & Y have said nothing in regard to Sino Forest...
Seems to me that E & Y could have recognized certain illegal activities if they were as blatant as MW believes...
NONE OF THE ALLEGATIONS HAVE BEEN PROVEN TRUE.
HOWEVER, SOME OF THE ALLEGATIONS HAVE BEEN PROVEN FALSE.