Replies to post #16799 on Affluence Corp (AFFU)

[TJG]

Pink that is correct and the one they will be doing will be External... External by an accredited PCAOB registered audit firm qualifies to be SEC compliant. If they do not become SEC compliant then moving to a higher exchange, NASDAQ, would be out of the question.

So the audits of all three company's will be done as External

If there were intending for them to be internal then Goyner would do them himself and there would be no need for the board to be reviewing an external accounting firm that is PCAOB certified.

The Board of Directors is reviewing an engagement letter from a PCAOB registered audit firm with goal of issuing audited financial statements for the years ended December 31, 2025 and 2024.

[BigBadWolf]

Well done & now an old MBA/CPA's simplified explanation. Internal audits are a management tool designed to help the company improve itself from within. They are common in larger firms & are often required by boards/creditors.
External audits are used as a compliance tool and assurance mechanism line by line. Externals are legally required for SEC filers while providing credibility to the financial statements for outside stakeholders. Completed as per GAAS, PCAOB, or other national audit standards These audits will definitely be External.

See that @TJG was just ahead of me ;-)