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old man river

09/21/21 4:47 PM

#3150 RE: BeamMeUpScotty #3145

Accounting standards vary for the size of the business.

Audits are primarily designed to provide assurance that whatever the management has previously reported as revenues, expenses, assets and liabilities are materially correct. They do not pass an opinion on LOI's.

As I said earlier, it will be the notes which will tell the full story.

Not all pink sheet auditors are above board. One CPA agreed with the management of a solar developer was censured for not treating the principles of revenue recognition properly. The company shares tanked to less than 100000 shares to the dollar!