That audit is not worth the paper it's printed on. It was never finished. An unfinished audit is worthless in terms of verifying anything.
Anyone can present information to a firm conducting an audit. The firm conducting the audit then has the responsibility to verify that the information presented to them is accurate and factual. At a minimum, independent verification requires a completed audit from a reputable firm. I am not saying that Paritz & Company is not a reputable firm, I am saying that they've acknowledged that the audit was never completed.
In addition, I fail to see what is so good about that draft audit. Revenue is under $30K and no one besides Messrs. Saleem, Syed and Lacle have ever verified that the assets listed in the draft audit actually exist and/or are held by Michelex and/or are in a form that can be accessed by Michelex. We do know that Paritz & Company did not verify anything.
Sincerely,
Dino A. Sawyer
savemichelex@gmail.com
