Sentences with phrase «reliable audited financial»

There should be full, meaningful disclosures including reliable audited financial statements, and the common stocks ought to be traded in markets where regulators provide meaningful protections for minority, non-control stockholders

There is comprehensive disclosure including reliable audited financial statements; and the common stock trades in markets where regulations provide substantial protections for Outside Passive Minority Investors (OPMI).

Not exact matches

The auditors stated in a Form 8 - K filed by the Company on July 2, 2007 that they found «a number of serious issues and encountered significant difficulties in the performance of the audit that... called into question the commitment of Fiberxon's management to maintain reliable financial reporting systems, including accounting books and records, in conformity with accounting principles generally accepted in the U.S. and China.»