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Fri Apr 25th 10:48 AM | Rating: 0 0
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Overstock Circus, Take #2

Let me parse the term "the auditors signed off on the first quarter numbers". Well actually that statement is true and false. It is true that quarterly numbers are not audited. However, most outside auditors generally request that they get to see the quarterly earnings press release and the 10Q for most public companies before filing or release. So, my guess is that the auditors did sign off on the release as part of the ongoing audit procedures that often occur throughout the year on a public company, but the level of assurance an investor should get from that statement is very low.
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