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CCR Short Takes

News | 08/31/2000 4:00 am EDT

Cinar may disclose more information from internal audit
Cinar Corp plans to disclose some of the findings of an internal audit in the next few days. The company also appears close to striking a tax settlement with the federal and provincial governments. The company’s auditors, Ernst & Young, indicated recently they may not sign off on the company’s books for the next several months, leading some observers to speculate that Cinar will never produce audited statements. Meanwhile, the company’s shares have been delisted by the Nasdaq Stock Market, and remain halted on the Toronto Stock Exchange.

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