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Old 09-01-2005, 11:58 AM
Chadt74 Chadt74 is offline
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Join Date: Dec 2004
Posts: 32
Default Re: Independant verification of sites?

IF you look on most sites (at least the ones I play at) they all have a link to their Independent verification. What this is is the company going to an audit/accounting/consulting firm like Pricewaterhousecoopers and saying "please check out my computer program to see if it acts like a shuffled deck of 52 cards". The independent auditors accept the engagement for a fee of like $20K or something and issue a report. Now $20K for one of the Big Four auditing firms is in no way close enough to get any of them to fudge the numbers, and do not forget that who ever signs that opinion is liable for it personally. So if the person who signs "pricewaterhousecoopers" lied about how the program works or did not investigate and this caused a suite of $1 Million dollars then he and/or his fellow partners would have to pay that back personally.

So understanding what that opinion entails I feel comfortable playing at those sites.
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