RushNet Inc (RSHN)

[phx_invest]

Audits are not a rubber stamp like you might suggest, but nice try suggesting the non-realistic. That is in part why it took so long. Below is more information regarding the audit. Sure, nothing is perfect but Somerset CPAs and Advisors would be putting not just their reputation and financial liability on the line. Ask yourself would they risk this on something that is in clear sight and perhaps dust it under the carpet for RSHN? It's a comical theory if not absurd.

What Is the Public Company Accounting Oversight Board (PCAOB)?
https://www.investopedia.com/terms/p/pcaob.asp

What Is Audit Risk?
https://www.investopedia.com/terms/a/audit-risk.asp

Key Takeaways
- Audit risk is the risk that financial statements are materially incorrect, even though the audit opinion states that the financial reports are free of any material misstatements.
- Audit risk may carry legal liability for a certified public accountancy (CPA) firm performing audit work.
- Auditing firms carry malpractice insurance to manage audit risk and the potential legal liability.
- The two components of audit risk are risk of material misstatement and detection risk.

RSHN