Does this mean they dont even have to be audited to remove the stop sign?
Initial Qualification pursuant to the Alternative Reporting Standard: Subscribe to the OTC Disclosure & News Service on www.OTCIQ.com to publish your financial reports and material news. Publish the required disclosure document in PDF Format (Do not scan your docs to create PDFs! Here's Why) and upload them via www.OTCIQ.com in the “Add Financial Report” section: Annual Financial statements for the previous two fiscal years. If these reports are audited, please attach the audit letter. Each year’s Annual Financial statements should be posted separately under the report type “Annual Report” on www.OTCIQ.com Any subsequent Quarterly Reports, since the most recent Annual Report, should be posted separtely under the report type “Quarterly Report”on www.OTCIQ.com The most recent fiscal period end report should also include information in accordance with the Pink Basic Disclosure Guidelines Financial reports must be prepared according to U.S. GAAP and must include a Balance Sheet, Income Statement, Statement of Cash Flows and Notes to Financial Statements, but are not required to be audited.
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