A friend of GC passed along the following photo:
Telling us: “This is our paperless audit training. An associate had to print out 46 copies. He stayed late on Friday and used three printers.”
Oh the humanity.
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This one really had no chance. After the Chief Accounting Officer resigned after five months on the job, family shareholders continuing to dump their shares, and filing their Q late, you can’t really expect Ernie to stick around.
E&Y had given the going concern paragraph kiss of death on Corus’s audit opinion earlier in the year and according to the last amended quarterly filing, Corus had over $7 billion in assets but negative equity. So, nature seems to be taking its course. Chalk it up, She Bair.
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