02-15-2020, 11:51 AM
The auditor arranged two separate pre-audit meetings in Nov 2019 and two separate post audit meetings this past week on the 11th and 12th. Stillwater told you about the second meeting but didn't invite you to the meeting held the day before which she knew about. It wasn't advertised nor open to the public so how would she have known about the meeting?
Financial Audit:
"A financial audit is an independent, objective evaluation of an organization's financial reports and financial reporting processes. The primary purpose for financial audits is to give regulators, investors, directors, and managers reasonable assurance that financial statements are accurate and complete."
The auditor works only with the numbers the GM and bookkeeper provides for the past fiscal year. What's transpired over the past 8 months in the current hostile takeover situation wasn't covered in the audit. Auditors don't look for fraud, it's not what they do. Any questions or concerns needs to be conveyed to the auditor at the pre audit meeting before the audit is conducted. The auditor made some important recommendations for the next fiscal year.
The auditor told us about the move forward with the AT&T tower which was a surprise.... apparently those holding HPP in a hostile takeover (D1 rep, the GM and Crelly) have decided to act illegally and move ahead WITHOUT BOARD APPROVAL. I have all the draft meeting minutes and have scrutinized them. This is a rogue action that may have serious repercussions. Who is or has signed the contract WITHOUT board approval to move forward?
Financial Audit:
"A financial audit is an independent, objective evaluation of an organization's financial reports and financial reporting processes. The primary purpose for financial audits is to give regulators, investors, directors, and managers reasonable assurance that financial statements are accurate and complete."
The auditor works only with the numbers the GM and bookkeeper provides for the past fiscal year. What's transpired over the past 8 months in the current hostile takeover situation wasn't covered in the audit. Auditors don't look for fraud, it's not what they do. Any questions or concerns needs to be conveyed to the auditor at the pre audit meeting before the audit is conducted. The auditor made some important recommendations for the next fiscal year.
The auditor told us about the move forward with the AT&T tower which was a surprise.... apparently those holding HPP in a hostile takeover (D1 rep, the GM and Crelly) have decided to act illegally and move ahead WITHOUT BOARD APPROVAL. I have all the draft meeting minutes and have scrutinized them. This is a rogue action that may have serious repercussions. Who is or has signed the contract WITHOUT board approval to move forward?