If it is discovered that fraud occured no matter how material during this investigation, it may very well be the reason executives were jumping ship (because they found out and did not want their fate to be tied to it). Furthermore, if Activision’s 2018 annual report is delayed, (since EA’s is out, but not Activisions), it could also be an indicator of some material findings in their fiscal year end audit. Note: Typically when the CPA firm delays an audit (if 2018 is delayed), especially a large firm and large client, its not good or at least it raises eyebrows. CPA firms want to make sure if they do find something material they have thoroughly reviewed it to ensure it wasn’t a mistake before they release their findings. Also the CPA is paid by the client I.e. Activision and also has other high profile clients, so they have to be very careful in how they present their findings, so as to not alarm their other clients.
We shall see.
We shall see.
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