Wednesday, April 26, 2023 1:08:18 AM
---->AXXA is following the rules.<----
It would be nice if they did audits.
But audits are NOT Required.
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Question: Do OTC companies have to do audits?
Answer:
OTC Markets Group requires financial reports to be prepared according to U.S. GAAP or International Financial Reporting Standards (IFRS); they are not required to be audited.Dec 15, 2021
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From a 2 sec. internet search.
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Question: Do OTC stocks have to report financials?
Answer:
They must post quarterly and annual reports. This category may include shell companies, development stage companies with no operations, and companies without audited financial statements.
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From a 2 sec. internet search.
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