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SSARSs No. 2 through No. 7.

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HongKong22   Monday, 09/07/15 07:00:02 PM
Re: hedge_fun post# 58310
Post # of 59583 
SSARSs No. 2 through No. 7.

5. Communications between predecessor and successor accountants.

Premise: David Briones of Brio Financial was allegedly contracted to do an audit of ISBG. ISBG then contracted Todd Peterson of KSNE2 to do the unaudited financial statements ending 6/30/15. If, Mr. Peterson knew there was an audit being conducted by Mr. Briones, he had an obligation to contact Mr. Briones and to note such contact.

There's not any such note in the unaudited financial filings. Actually, Mr. Peterson didn't have to make such a note, due to, there wasn't an audit being prepared by Mr. Briones.

Again from SSARSs: A CPA should include a statement in unaudited financial statements for this purpose: "The original prohibition from merely typing or reproducing client-prepared financial statements by the accountant as an accommodation to a client."

Does such statement exist in ISBG current Financial Reporting?

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