What we did was we conducted an audit that was looking at the question of whether due diligence was applied. We defined what we meant by “due diligence”. We went through that process, and we came to the conclusion that there were enough weaknesses in what occurred—and we lay those out in the chapter—that we had to come to the conclusion that due diligence was not applied.
On April 26th, 2012. See this statement in context.