Ann: HOTUpdate-Corporate Spotlight offering with Big Review TV Li, page-152

Of course, they confirmed that the cash was there and no it probably wasn't in FC but in a large bank. The cash is not in question is the fact that there is an underlying back to back obligation to FC Finstro that the money they advanced will be effectively guaranteed by Big TV. Ther implications as I understand it from questions here are that the auditor should have picked up FC as all the money was coming from them (or most of). I don't see that as an audit issue as once payment has been received the audit question is over.

Unless someone told the auditor about the underlying arrangement between FC and BIG and we are not even sure it was formalised until August 2017. So I am not sure how they could have detected it -as I understand it the cash was there that's not in question.