Digital Brand Media and Marketing Group Inc (DBMM)

[Poo28]

Reaudits are NOT done internally. Quite the contrary. An independent CPA firm approved by both the SEC and the PCAOB has to redo the audit from the beginning and cannot use the work papers of the sanctioned party.

Maranda Fritz cited in her court papers that it cost DBMM over $157,300 to reaudit. The number was verified in financial docs provided to the Court under confidential cover by Judge’s order.

I’ll bet DBMM could have leveraged that amount alone into substantial growth! And much more was spent with litigation and the AP that was simply unnecessary and a waste of taxpayer money.