The certification function, aimed at providing an audit opinion
Lawsuit Claims Goodman Conspired to Provide False Audit Opinion
Depriving Shareholders of Tens of Millions of Dollars
In March 1984, Touche issued an unqualified audit opinion
on Buttes's 1983 financial statements.
Fiscal 2005 reflects the second consecutive unqualified audit opinion
, reversing years of inflated fund balances due to the misreporting of salary accruals.
The firm opined Price should have made a large number of adjusting entries before issuing its audit opinion
The New York Court of Appeals clarified and strengthened the requirement that nonclients allegedly relying on an accounting firm's audit opinion
must have a relationship sufficiently approaching privity before they can sustain a lawsuit against the firm.
The notice is based on a review by the AMEX of ImageWare's Form 10-KSB for the year ended December 31, 2005, which includes a going concern qualification to the audit opinion
The warrant holders and shareholders sued Young, alleging its January 1983 unqualified audit opinion
failed to disclose various problems at Osborne before its bankruptcy.
Because a letter of credit (LOC) extension and financial covenant waivers from a majority of bondholders have not been received, the audit cannot be released with an unqualified audit opinion
An unqualified audit opinion
indicates the financial statements are correct.
The Exchange's recent notice also indicates we are not in compliance with Section 610(b) of the Company Guide, which requires a company that has received an audit opinion
containing a going concern qualification to make a public announcement through the news media disclosing the receipt of such qualified opinion.
Consistent with prior audit opinions
received by the Company, the audit opinion
included in the Form 10K filed today does not include a going concern modification.