Veltex Corporation (VLXC)

[GratziPrego]

texastex, you have a good point, specifically when you state "that's a good audit". The purpose of the Audit in our eyes here was to have clarification. An objective source has audited the company. We can feel confident about Veltex due to what was communicated through the audit findings and Veltex now being endorsed by the CPA Firm.

The Report of the Committee on Basic Auditing Concepts of the American Accounting Association(Accounting Review, vol. 47) defines auditing as:

a systematic process of objectively obtaining and evaluating evidence regarding assertions about economic actions and events to ascertain the degree of correspondence between those assertions and established criteria and communicating the results to interested users.