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KTCC

Key Tronic

$6.84

-0.023 (-0.34%)

, CETX

Cemtrex

$3.21

-0.09 (-2.73%)

09:04
09/22/17
09/22
09:04
09/22/17
09:04

Bharat Parikh & Associates responds to Key Tronic's allegations

Bharat Parikh & Associates responded to Key Tronic's (KTCC) allegations contained in the news release dated September 15, 2017 and titled, "Key Tronic Corporation Comments on Cemtrex Release," regarding the Firm and its audit of the financials of Cemtrex (CETX). The Firm responds to Key Tronic's maligning allegations as follows: "Key Tronic's skepticism of the accuracy of Cemtrex's reported financial information is self-serving in nature and baseless. Key Tronic Corporation needs to consider the global business environment before making allegations about our internationally reputed firm. The Firm is recognized, registered and in good standing with PCAOB as a 'Non-US' Public Accounting firm. The Firm, just like any other PCAOB registered firm, follows the same standards, rules and guidelines as issued by the PCAOB and SEC to perform any public company audits in USA whether a smaller reporting company or a large filer. The firm since its inception 3 decades ago has performed multiple US GAAP and IFRS Audits of globally located private and public companies and has remain in good standing with the professional regulatory body ICAI without receiving such allegations before. The Firm is a Category-I Registered Chartered Accounting firm with Reserve Bank of India The Firm has a diversified client base and wide audit experience of various companies, including banking and insurance companies, and government and semi-government organizations. Also, of note, is the Firm's experience of conducting 'Special Audits,' which are governed by the World Bank. The Firm is also a registered Peer Reviewer with the ICAI's 'Peer Review Board' and is authorized to peer review any firm including the multinational public accounting firms as allotted by the ICAI." "Key Tronic's publicly made allegations against our firm are false, unsubstantiated and defamatory in nature. Furthermore, these allegations are made with an intention of harming our global reputation by questioning the accuracy of our audit practice and the audited financial statements of our client, Cemtrex," stated CA Bharat Parikh, the Senior Managing Partner.

KTCC

Key Tronic

$6.84

-0.023 (-0.34%)

CETX

Cemtrex

$3.21

-0.09 (-2.73%)

KTCC Key Tronic
$6.84

-0.023 (-0.34%)

CETX Cemtrex
$3.21

-0.09 (-2.73%)

03/01/17
TAGS
03/01/17
DOWNGRADE
TAGS
Neutral
Cemtrex downgraded to Neutral from Buy at Taglich

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IMAX

Imax

$22.60

-0.3 (-1.31%)

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EXPD

Expeditors

$64.12

-0.07 (-0.11%)

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Expeditors reports Q4 EPS 92c, consensus 63c »

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ADI

Analog Devices

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GPC

Genuine Parts

$99.83

-1.08 (-1.07%)

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Genuine Parts sees FY18 EPS $5.60-$5.75, consensus $5.93 »

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ECL

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Ecolab reports Q4 adjusted EPS $1.39, consensus $1.39 »

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SMP

Standard Motor

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Standard Motor reports Q4 cont ops EPS 54c, consensus 38c »

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AAPL

Apple

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-0.56 (-0.32%)

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Technical Analysis
Technical Take: Apple slips in early trading »

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GPC

Genuine Parts

$99.83

-1.08 (-1.07%)

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Genuine Parts reports Q4 adjusted EPS $1.19, consensus $1.05 »

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GPS

Gap

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-0.06 (-0.18%)

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Gap announces departure of Gap brand President and CEO Jeff Kirwan »

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ANY

Sphere 3D

$2.33

0.0999 (4.48%)

, FALC

FalconStor

$0.19

0.003 (1.65%)

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Options
Two option delistings on February 20th »

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ANY

Sphere 3D

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0.0999 (4.48%)

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RUSHA

Rush Enterprises

$42.77

-0.325 (-0.75%)

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08:29
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General news
Stocks point to lower start to week as Walmart weighs on Dow »

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GOOD

Gladstone

$17.65

0.24 (1.38%)

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Gladstone announces sale of Arlington, TX $5.6M »

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AAN

Aaron's

$43.40

-0.39 (-0.89%)

, LOW

Lowe's

$96.31

-0.2 (-0.21%)

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Aaron's, Lowe's analyst commentary  »

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AAN

Aaron's

$43.40

-0.39 (-0.89%)

LOW

Lowe's

$96.31

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LVMUY

LVMH

$61.94

0.68 (1.11%)

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WAB

Wabtec

$77.27

2.66 (3.57%)

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ATNX

Athenex

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IPGP

IPG Photonics

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FELE

Franklin Electric

$44.45

0.35 (0.79%)

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Franklin Electric reports Q4 EPS ex-items 42c, consensus 44c »

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SNE

Sony

$49.55

0.74 (1.52%)

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PATK

Patrick Industries

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DKL

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DKL

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YUM

Yum! Brands

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IYT

iShares Transportation Average

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08:20
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Technical Analysis
iShares Transportation Average: Pivot points »

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