That is correct. We found that obviously they did not follow their own guide and procedures for acquisitions. That process presumes things will be done sequentially. Obviously when there are urgent purchases, many of these things have to be done at the same time or certain steps are bypassed. We recognize in the audit that this is understandable in these situations, but a process should be developed for urgent purchases identifying the key steps that have to be met.
On November 4th, 2009. See this statement in context.