DD Support Board and Research Team

[surfkast]

Speaking of Colorado companies. Looks like the new SIGO auditors are questionable?

Report on
2015 Inspection of B F Borgers CPA PC
(Headquartered in Lakewood, Colorado)
Issued by the
Public Company Accounting Oversight Board
December 21, 2015


Certain deficiencies identified were of such significance that it appeared to the
inspection team that the Firm, at the time it issued its audit report, had not obtained
sufficient appropriate audit evidence to support its opinion that the financial statements
were presented fairly, in all material respects, in accordance with the applicable financial reporting framework. In other words, in these audits, the auditor issued an
opinion without satisfying its fundamental obligation to obtain reasonable assurance
about whether the financial statements were free of material misstatement.
The fact that one or more deficiencies in an audit reach this level of significance
does not necessarily indicate that the financial statements are materially misstated. It is
often not possible for the inspection team, based only on the information available from
the auditor, to reach a conclusion on those points.
Whether or not associated with a disclosed financial reporting misstatement, an
auditor's failure to obtain the reasonable assurance that the auditor is required to obtain
is a serious matter. It is a failure to accomplish the essential purpose of the audit, and it
means that, based on the audit work performed, the audit opinion should not have been
issued.

https://pcaobus.org/Inspections/Reports/Documents/2015-BF-Borgers.PDF