Aug. 12 at 3:27 PM
$ITP Interesting history here. The previous auditor did resign while the 10K was late, but there is no disclosed evidence they quit over fraud or accounting issues. In fact, GGF told the SEC it agreed with ITP’s disclosure that there were no accounting/audit disagreements or reportable events.
So might just be another case of old auditor messed up and new auditor has to do thorough job and start with last years annual which backs up this years quarterlies. RR just had a similar situation, except it didn’t get as beaten down over it.