Replies to post #1255 on Viva Entertainment Group Inc (OTTV)

[JG305]

No. It is not part of the audit protocol to check addresses.

From M&K CPAS, PLLC:

We have audited the accompanying balance sheets of Viva Entertainment Group Inc. (f/k/a Black River Petroleum Corp.) as of October 31, 2016 and 2015 and the related statements of operations, changes in stockholders’ equity (deficit), and cash flows for the years then ended. These financial statements are the responsibility of the Company’s management. Our responsibility is to express an opinion on these condensed financial statements based on our audits.

OTTV's auditors have had issues:

Audit Firms to Pay $318K Over Microcap Fraud

De Joya Griffith and M&K CPAS were accused of defectively auditing the financial statements of purported mining companies.

Two audit firms — De Joya Griffith and M&K CPAS — and seven auditors have agreed to pay $318,000 to settle charges they were deficient in auditing the financial statements of purported mining companies that were part of a microcap fraud scheme.

The U.S. Securities and Exchange Commission said the firms were hired by Canadian attorney and stock promoter John Briner, who allegedly orchestrated the fraud. The regulator announced the charges in January.


In settlements announced Friday, Nevada-based De Joya Griffith agreed to an order suspending it from SEC practice for at least five years and to pay nearly $60,000 in disgorgement, prejudgment interest, and penalties. The sanctions against Houston-based M&K are a 12-month ban from accepting new public audit clients and $103,000 in disgorgement, prejudgment interest, and penalties.

“The audits that these firms conducted were so deficient that they amounted to no audits at all,” the SEC said in its enforcement action. “The De Joya and M&K partners also ignored red flags with respect to the issuers.”

The SEC alleged the mining stocks were ripe for “pump-and-dump” schemes when it suspended their registration statements in February 2014.

http://ww2.cfo.com/fraud/2015/09/audit-firms-pay-318k-microcap-fraud/

Did OTTV bother to perform any due diligence on the auditors before hiring them??