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Grant Thornton LLP, an independent accounting firm, recently completed an internal audit of Quibids.com.

As of July 18, 2011, Grant Thornton verified that:

“…bids on auctions are placed by bona fide users…QuiBids does not manipulate the bidding process to inflate the bid price or affect who wins the auctions, and that winning auctions and “Buy Now” orders are fulfilled (i.e. shipped).”

Considering the number of auctions Quibids runs per day, this audit was undoubtedly a costly one. At the same time, independent examination strengthens Quibids commitment to transparency, silences the skeptics and sets the bar higher for the entertainment shopping industry as a whole.Grant Thornton LLP, an independent accounting firm, recently completed an internal audit of Quibids.com.

As of July 18, 2011, Grant Thornton verified that:

“…bids on auctions are placed by bona fide users…QuiBids does not manipulate the bidding process to inflate the bid price or affect who wins the auctions, and that winning auctions and “Buy Now” orders are fulfilled (i.e. shipped).”

Considering the number of auctions Quibids runs per day, this audit was undoubtedly a costly one. At the same time, independent examination strengthens Quibids commitment to transparency, silences the skeptics and sets the bar higher for the entertainment shopping industry as a whole.