Replies to post #116486 on Viva Entertainment Group Inc (OTTV)

[AISI304]

Agreed 4tS. Johnny should post it after-hours then, unless OTTV's CEO has something to hide.

4toSchool Thursday, 02/22/18 03:57:57 PM
Re: justdafactss post# 116482 0
Post # 116486 of 116487
Expensive Audit?!?!!? The audit should be about 1/2 the cost as there are really no revenues to audit.

[justdafactss]

How much did Viva pay for their previous audited 10-K?

Their "professional fees" were $120,538 (Page 14)
https://www.sec.gov/Archives/edgar/data/1479000/000126493117000020/viva10k2016.htm

Of that amount, what was paid for auditing the 10-k report?

Of the 3,324 Smaller Reporting Companies identified in the public company market share analysis we did back in the summer, 3,145 disclosed a total of over $332 million in audit fees for 2013, at an average rate of over $100,000. As can be seen from the table above, however, the audit fees for these companies are heavily skewed. Although total audit fees are quite substantial, the median is $46,300 – in other words, there are as many companies with fees below that amount as companies with fees above it. Only 17 companies paid more than $1 million in audit fees, and only one third paid more than $100,000.
http://www.auditanalytics.com/blog/audit-fees-for-smaller-reporting-companies/