RE:Pending Financial Statement ReleaseRangers, with you being an accountant, do you have any opinion on the fact the CFO doesn't have his CPA/CA designation, rather only his LLB to be a lawyer? He is the final signature and the guy over seeing the auditors no? you gave a very nice description of the accounting end sounds so easy even a lawyer could do it LOL " January 1 to mid February - internal working paper file preparation. Drafting of financial statements and corporate tax. Time was required to ensure all payables were received and reported. Please remember that working with out of country transactions (India) and preparing for an audit that includes first time sales, cost of sales and other costs, takes time to think through and present properly. Any accountant worth his or her salt wants to ensure the documents provided to the auditors are as complete and clean as possible. This work reflects on the internal accountants ability and professionalism. As well, the cleaner the file the better. Less time to be spent by the auditors the less the cost for the work. Back to the timeline: Mid-February to end of February - review of my work by the company President and Board members on the audit comittee. Any final clean up of the file is taken care of then. March 1 - Submission of the file to the auditors March 1 to mid-April - external auditor file work. These audits have multiple levels to work through. From the lowest student level work to mid-managers, up to top file managers and to senior partners to sign off the file. Mid-April to late April - completion of audit report, review of financial documents with company representatives and release through News release and Sedar. Complete audits, even for small cap entities take much more time and effort to perform than in the past. A great deal of planning work is required to be performed per CPA Institute requiements. Often this prep work is performed just prior to receiving the audit file and in conjunction with the audit work itself. Read more at https://www.stockhouse.com/companies/bullboard/bullboard/v.nph/vanc-pharmaceuticals-inc#C8zwEMq3irXtMBUx.99