Replies to post #16783 on Affluence Corp (AFFU)

[BigBadWolf]

Absolutely in agreement

Oscar can not do the same... he has to announce as soon as possible who the firm is. That is the only way investors will begin to trust what this company says. To many false promises over the years, from 2021 till 2025, that trust needs to be fixed so people can invest here and have confidence in what is going to happen. Lack of Trust is the biggest enemy of AFFU at the moment IMO

[oldstocks]

Tj i believe this time they are going to get the audited financials done. They have to, to be able to eventually get uplisted to the OTC QB and SEC Reporting to take the path to eventually trying to get to NASDAQ.

Tj being Mingothings is now a Subsidiary how far back do they have to go on Mingothings financials?
That will be an interesting thing to actually see their growth in the financials

[RichieBoy]

When Affluence took on Will Gonyer someone misspelled one of his past companies in his bio. I'm convinced they meant he had worked at Price Waterhouse Coopers a huge company but whatever they meant clearly they couldn't spell it right. Cringe-worthy is an understatement, humbling with a big H, even I was embarrassed for him. Maybe it was a speech to text error left unfinished but it sure looked questionable. At some point there will be SEC scrutiny over all this. I hope they take their time and get it right the first time!

[pinkslipjunkie]

There are two different types of audits TJG...internal and external...I am thinking and hoping it is an external audit from what I am reading...it would seem to be more reliable and serve the purpose of what we are looking for with this audit.

Key differences between internal and external auditing
Internal and external audits both seek to provide an independent opinion about a company’s finances or practices. However, they differ significantly when it comes to who performs the audit, its overall purpose, and its scope.

Here is a closer look at these differences:

Scope: Internal audits usually focus on a specific area of a company, while external audits look at all relevant financial information and any other practices that could confirm the veracity of budget statements.

Purpose: Internal audits focus on measuring current performance and finding areas for improvement. External audits focus on proving the accuracy and veracity of financial statements.

Auditor: External auditors are from a third party while internal auditors work on a company’s behalf.

Internal auditors may help prepare for external audits. For example, they can use automated systems for preparation, compilation and review to organise for an external audit or assess internal performance.

Source I got this information which will explain in detail the difference between the two: https://www.accountingweb.co.uk/community/industry-insights/which-is-better-internal-or-external-auditing