It's quite simple: The auditor is required to check to make sure that there is a good probability that CCi will be a "going concern" for the next 12 months (i.e. up to June 30, 2015). Otherwise the auditor must reveal his findings. Such findings would violate 34 CFR 668.171(d)(1).
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The auditor is required to check for 12, not 4.
Blah blah. Next 12 months? They're done in 4, idiot. Even if they sell, they will cease to exist.
http://www.law.cornell.edu/cfr/text/34/668.171