GREY:LGLTF - Post by User
Post by
BillyBufford155on May 15, 2015 1:46am
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Post# 23731478
Financial Statement delay
Financial Statement delay
Wow, its been 10 days and still no statements...I guess they have to eventually cough them up...lol
Does anyone know how long the CFO was at the job?
I was thinking about how this company is so small, and involved in so many things---Publicly Traded, now ESL schools all across Canada, reorganiation of them, Korean recruitment organizations, student housing-, Foreign Currency transactions to complete the Financial Statements--I wonder if the CFO was just overwhelmed? I have experience in this field, and I sure wouldn't want that job without the proper support.
Also, Financial Statments are prepared monthly and discussed throughout the year by Upper Managment. I find it strange that them not being ready caught Management by surprise. After all, you;d think there would have been clear signs that they were not ready once the year end deadline approached...Especially since the working papers have to be done and draft statements completed before they are reviewed by Upper Managment
If this hapenned to a supposed "Consolidator" within the ESL industry, I wonder what else is being missed by Management within the company.
Any thoughts?