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Replies to post #276526 on Amfil Technologies Inc (FUNN)
The growth of the accounting team and its procedures is now catching up to compliment the rapid growth of the company’s operations. The Company began adding additional resources as the 2016 and 2017 year-end audits were being completed last year, in an attempt to ensure timely and cost-effective audits moving forward. The Company has continued improving procedures and adding resources during 2019 to ensure all future audits and reporting obligations are met moving forward. The benefits from these changes were not instantaneous but are being custom tailored to the Company’s needs with the intention of creating a seamless reporting procedure to streamline the tasks. The Company hired CFO Squad last year as the pre-audit team. The Company is now pleased to advise shareholders that it has added two additional accountants and two additional bookkeepers through a large bookkeeping and accounting firm, and they have already commenced the prep work for the 2019 year-end audit.
“This audit process has felt never ending but just like we got through and completed the 2016 and 2017 audits, we will complete 2018 and move forward with plans for more senior exchanges and spinoff plans,” stated Roger Mortimer, CEO. “Throughout the audit process, the Company continues to thrive and execute plans to grow the business. We are confident that the additional accounting team members and the implementation of streamlined accounting procedures, will allow us to stay ahead of the game moving forward with auditing and reporting obligations. We are hesitant to provide an exact completion date, however, CFO Squad and RBSM have been meeting frequently to finalize everything so that we can submit everything to OTC Markets. We expect this to be completed very soon and given the bolstering of the accounting team and procedures, we do not foresee delays with any future audits including Fiscal Year End 2019. In the meantime, the Company continues to execute on its short-term and long-term business objectives to ensure the continuous growth and deliver maximum value back to its shareholders.”
