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Thursday, January 19, 2023 10:54:35 AM
PCT an SEC Reporting Public Company, Audited by an Independent Public Accounting Firm that complies with PCOAB Standards
PCTs auditor DOES NOT comply with PCAOB standards. If they did, the PCAOBs inspection observations wouldnt have detailed multiple deficiencies, the following just one example
Audits with an Incorrect Opinion on the Financial Statements and/or ICFR
This classification includes instances where a deficiency was identified in connection with our inspection and, as a result, an issuer’s financial statements were determined to be materially misstated, and the issuer restated its financial statements. It also includes instances where a deficiency was identified in
connection with our inspection and, as a result, an issuer’s ICFR was determined to be ineffective, or there were additional material weaknesses that the firm did not identify, and the firm withdrew its opinion, or revised its report, on ICFR. This classification does not include instances where, unrelated to our review, an issuer restated its financial statements and/or an issuer’s ICFR was determined to be
ineffective. We include any deficiencies identified in connection with our reviews of these audits in the audits with multiple deficiencies or audits with a single deficiency classification below.
It goes on and on Audits with Multiple Deficiencies
So, does being deficient mean compliance? LOL
The BS I read here!!
Recent PCTL News
- Form 8-K - Current report • Edgar (US Regulatory) • 10/05/2023 02:05:09 PM
- Form 15-12G/A - Securities registration termination [Section 12(g)]: [Amend] • Edgar (US Regulatory) • 07/18/2023 07:06:52 PM
- Form 15-12G - Securities registration termination [Section 12(g)] • Edgar (US Regulatory) • 07/13/2023 04:32:57 PM
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