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Re: Mirk_Water post# 37638

Wednesday, 11/08/2017 2:54:04 PM

Wednesday, November 08, 2017 2:54:04 PM

Post# of 61930
Otc regs...

Do financial statements have to be audited?
Current FINRA rules do not require the financial statements of non-SEC reporting issuers to be audited in order for them to clear a Form 211, but they should be prepared in accordance with GAAP or, for foreign issuers, in accordance with their home country's accounting standards. Audited financials must be available for companies in the OTCQX and OTCQB markets. To qualify for Pink Current Information, companies that do not file with the SEC and do not publish audited financials must provide an Attorney Letter with Respect to Current Information. Audited financials are not required for Pink Limited Information companies. Companies in Pink No Information may not have recent financial information
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