The company also disclosed that its auditors would issue a report expressing doubts about Mills's ability to "continue as a going concern."

The staff would not expect to be in a position to declare effective registration statements that include audit reports where the auditors also have issued this type of report.

SBA's auditor issued an unqualified opinion on our FY 2010 financial statements.

Audit documentation that supports significant findings, conclusions, and recommendations should be complete before auditors issue their report.

The auditors had issued an earlier report recommending that improper accounting, sloppy bookkeeping and Mr. Alvarado's use of the limo be discontinued.

Internal auditors typically issue reports at the end of each audit that summarize their findings, recommendations, and any responses or action plans from management.

To determine the major audit risks (i.e. the chance that the auditor will issue the wrong opinion).

Further, such documentation must be complete before auditors issue their report.

In such circumstances, auditors may issue a limited official-use report containing such information and distribute the report only to those parties responsible for acting on the auditors' recommendations.

In such circumstances, auditors may issue a separate limited official use report containing such information and distribute the report only to persons authorized by law or regulation to receive it.