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ISOC's Own Auditors Raise Doubts About Its Continued Viability... The Board should take a careful look at the financial documents that ISOC itself filed in its application to run .org. I was shocked to discover today that ISOC's own auditors wrote that "current liabilities exceeded current assets by $435,769 and total liabilities exceeded total assets by $269,575. These factors, and others discussed in Note 8, raise substantial doubt about the Internet Society's ability to continue as a going concern." (This is from Appendix A1 of the ISOC application -- Internet Society Financial Statements.) Wow. I had some doubts about ISOC's ability to handle a registry, especially by trying to create a brand new organization. (Remember how long it took the new gTLDs to get started? And .org is an existing database that has to be operational immediately - a much more difficult job). But now I'm even more baffled as to why ISOC is being recommended. I've been following ICANN issues for a long time. I'm keeping my fingers crossed the Board will make a safer selection. [Date Prev] [Date Next] [Thread Prev] [Thread Next] [Date Index] [Thread Index] |