Yes, that is the 'auditor's' report. There are different levels of 'audit'. I apologize, I should have said there are different levels of 'audit' as opposed to different levels of 'certification'. I apologize for mixing the terminology. But I stand by the basic point of my post. They are relying on what brgo tells them as opposed to conducting an internal audit where they go through the company and 'verify' what is presented is accurate.
As they said, they offer no opinion on the internal controls of the company.
The CPA firm was paid almost $30,000 for the year. That's a lot to basically rubber-stamp what berge told them. I wish it were not true, I am an accountant, but the truth is there are simply some shady CPAs that, for a price, will look the other way.
Notice how they cover themselves, buried deep at the bottom in the notes (Item 14) they state as an amendment to the F/S, they state they do not believe that BRGO "...can continue as a going concern." So basically, when this thing called brgo finally goes BK, and certain parties want to sue the CPA firm, they can always say "hey, we said we didn't think they would stay in business!"
scumbag berge found a CPA firm he can do business with. well, as they say, birds of a feather...
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