GREY:ISOLF - Post by User
Comment by
Kowinnnisteon Mar 28, 2018 2:03pm
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Post# 27796520
RE:RE:So ISOL is doing an early audit
RE:RE:So ISOL is doing an early auditZebull wrote: Isol has a March 31 year end. So, the next financial Statements will cover the year ending March 31,2018. I am not sure why the website states quarterly audit when it should be an annual audit. On the other hand, public corporations must report on an interim basis, such as a quarterly report, under the Canada Corporations Act. So, I guess it will be both a quarterly and an annual audit
All in all, nothing nefarious in this case.
Just to make everything clear, it's common to see inventory audit a few days prior the end of trimester or year end. After that they juste have to add purchase and remove sells. Since they don't ship anything until april, they have 1 less thing to do accounting wise.