Tuesday, January 01, 2019 5:03:39 PM
GAAP - (Generally Accepted Accounting Principles) is a collection of commonly-followed accounting rules and standards for financial reporting.
PCAOB - Public Company Accounting Oversight Board
Audited Annual Financials prepared in accordance with U.S. GAAP by a PCAOB auditor
The purpose of the independent audit is to add credibility to the reported financial position and performance of the business. To provide assurance that the management has presented financial statements that are free from material error.
A financial statements audit is the examination of an entity's financial statements and accompanying disclosures by an independent auditor. The result of this examination is a report by the auditor, attesting to the fairness of presentation of the financial statements and related disclosures. The auditor's report must accompany the financial statements when they are issued to the intended recipients.
Audit Opinion Letter
An auditor issues an audit opinion letter after completing the audit process, and this is included in the audited financial statements. In this letter, the auditor reveals the financial statements reviewed and the audit method used. If there were no material errors in the financial statements, then the auditor will give an audit opinion that the financial statements represent a true and fair view of the company’s performance and position.
Qualities, Results of HHSE Financial Audit:
* GAAP
* PCAOB Auditor
* Process of Resolving All Nuisance Lawsuits
* Reduce/Eliminate Debt
* Balance Sheet Clean-Up
* Third Party Verification
* SEC Reporting Standards
* Credibility & Accountability
* Builds Investor Knowledge & Confidence of HHSE
How much does a public company Audit cost? Anywhere from $20,000 to $150,000 or more, depending on the size and complexity of the company scrutinized. Therefore, it is a considerable cost that involves great time, effort and company resources that usually satisfies a company goal. In the case of HHSE the effort is justified by an Uplist to Higher Stock Exchange OTC:QB with its access to a wider, larger, numbers of more knowledgeable and sophisticated investors base. Along with the accompanying access to Investment Capital required to properly Finance and Fund the ambitious Growth Plans of the Company.
Recent HHSE News
- Form 8-K - Current report • Edgar (US Regulatory) • 01/05/2024 07:17:02 PM
Alliance Creative Group (ACGX) Releases Q3 2024 Financial and Disclosure Report with an increase of over 100% in Net Income for 1st 9 months of 2024 vs 2023 • ACGX • Nov 14, 2024 8:30 AM
Unitronix Corp. Publishes Its Cryptocurrency Portfolio Strategy • UTRX • Nov 14, 2024 8:05 AM
Avant Technologies and Ainnova Tech Form Joint Venture to Advance Early Disease Detection Using Artificial Intelligence • AVAI • Nov 12, 2024 9:00 AM
Swifty Global Announces Launch of Swifty Sports IE, Expanding Sports Betting and Casino Services in the Irish Market • DRCR • Nov 12, 2024 9:00 AM
Oohvie App Update Enhances Women's Health with Telemedicine and Online Scheduling • HLYK • Nov 11, 2024 8:00 AM
SANUWAVE Announces Record Quarterly Revenues: Q3 FY2024 Financial Results • SNWV • Nov 8, 2024 7:07 AM