Awaysis Capital Completes Re-Audit of its Consolidated Financial Statements and Files Form 10-K/A
Awaysis Capital (OTCMARKETS: AWCA) has filed an amended Form 10-K/A, incorporating a re-audit of its consolidated financial statements for the fiscal year ended June 30, 2022. The re-audit was necessitated by the SEC's sanctions against the company's previous audit firm, BF Borgers. Moore Belize LLP, the company's independent auditor, completed the re-audit in accordance with Public Company Accounting Oversight Board standards.
Notably, the 10-K/A amendment has removed the going concern qualifications as of the Report Date. Dr. Andrew Trumbach, Co-CEO and CFO, emphasized the company's commitment to maintaining transparency, accuracy, and compliance in financial reporting. The re-audit process underscores Awaysis Capital's dedication to upholding high standards of financial governance.
Awaysis Capital (OTCMARKETS: AWCA) ha presentato un modulo 10-K/A modificato, che incorpora una nuova revisione dei suoi bilanci consolidati per l'anno fiscale chiuso il 30 giugno 2022. La nuova revisione è stata necessaria a causa delle sanzioni della SEC contro il precedente studio di revisione della società, BF Borgers. Moore Belize LLP, il revisore indipendente della società, ha completato la revisione in conformità agli standard del Public Company Accounting Oversight Board.
È importante notare che la modifica del 10-K/A ha rimosso le qualifiche relative alla continuità aziendale alla data del rapporto. Il Dr. Andrew Trumbach, Co-CEO e CFO, ha sottolineato l'impegno della società a mantenere la trasparenza, l'accuratezza e la conformità nella rendicontazione finanziaria. Il processo di revisione evidenzia la dedizione di Awaysis Capital nel mantenere elevati standard di governance finanziaria.
Awaysis Capital (OTCMARKETS: AWCA) ha presentado una enmienda al formulario 10-K/A, que incorpora una nueva auditoría de sus estados financieros consolidados para el año fiscal que finalizó el 30 de junio de 2022. La nueva auditoría fue necesaria debido a las sanciones de la SEC contra la anterior firma de auditoría de la compañía, BF Borgers. Moore Belize LLP, el auditor independiente de la compañía, completó la auditoría de nuevo de acuerdo con los estándares de la Junta de Supervisión de Contabilidad de Empresas Públicas.
Es importante señalar que la enmienda del 10-K/A ha eliminado las calificaciones de continuidad de la empresa a la fecha del informe. El Dr. Andrew Trumbach, Co-CEO y CFO, enfatizó el compromiso de la empresa de mantener la transparencia, la precisión y el cumplimiento en la presentación de informes financieros. El proceso de nueva auditoría subraya la dedicación de Awaysis Capital a mantener altos estándares de gobernanza financiera.
Awaysis Capital (OTCMARKETS: AWCA)는 2022년 6월 30일 종료된 회계연도에 대한 연결 재무제표를 재감사한 수정된 10-K/A 양식을 제출했습니다. 재감사는 SEC가 회사의 이전 감사 업체인 BF Borgers에 대해 제재를 가한 데 따라 필요하게 되었습니다. Moore Belize LLP는 회사의 독립 감사인이며, 공공기업회계감독위원회(Public Company Accounting Oversight Board)의 기준에 따라 재감사를 완료했습니다.
특히, 10-K/A 수정안은 보고일 기준으로 계속기업에 대한 자격을 제거했습니다. 앤드류 트럼바흐 박사(Dr. Andrew Trumbach) 공동 CEO 및 CFO는 재무 보고의 투명성, 정확성 및 준수를 유지하겠다는 회사의 의지를 강조했습니다. 재감사 과정은 Awaysis Capital이 높은 수준의 금융 거버넌스를 유지하기 위해 헌신하고 있음을 보여줍니다.
Awaysis Capital (OTCMARKETS: AWCA) a déposé un formulaire 10-K/A modifié, incorporant une nouvelle vérification de ses états financiers consolidés pour l'exercice clos le 30 juin 2022. La nouvelle vérification était nécessaire en raison des sanctions de la SEC contre l'ancien cabinet d'audit de l'entreprise, BF Borgers. Moore Belize LLP, l'auditeur indépendant de l'entreprise, a terminé la nouvelle vérification conformément aux normes du Public Company Accounting Oversight Board.
Il convient de noter que l'amendement du 10-K/A a supprimé les qualifications de continuité d'exploitation à la date du rapport. Le Dr Andrew Trumbach, Co-CEO et CFO, a souligné l'engagement de l'entreprise à maintenir la transparence, l'exactitude et la conformité dans la présentation des rapports financiers. Le processus de nouvelle vérification souligne l'engagement d'Awaysis Capital à maintenir des normes élevées de gouvernance financière.
Awaysis Capital (OTCMARKETS: AWCA) hat ein geändertes Formular 10-K/A eingereicht, das eine Neubewertung ihrer konsolidierten Finanzberichte für das zum 30. Juni 2022 endende Geschäftsjahr beinhaltet. Die Neubewertung war notwendig aufgrund der Sanktionen der SEC gegen die vorherige Wirtschaftsprüfungsgesellschaft BF Borgers. Moore Belize LLP, der unabhängige Prüfer des Unternehmens, hat die Neubewertung gemäß den Standards des Public Company Accounting Oversight Boards abgeschlossen.
Bemerkenswerterweise hat die 10-K/A-Änderung die Fortführungsbedingungen zum Berichtsdatum entfernt. Dr. Andrew Trumbach, Co-CEO und CFO, betonte das Engagement des Unternehmens, Transparenz, Genauigkeit und Compliance in der Finanzberichterstattung zu wahren. Der Neubewertungsprozess unterstreicht das Bestreben von Awaysis Capital, hohe Standards der finanziellen Unternehmensführung aufrechtzuerhalten.
- Removal of going concern qualifications in the amended 10-K/A
- Successful completion of re-audit by independent auditor Moore Belize LLP
- Demonstration of commitment to financial transparency and compliance
- Necessity for re-audit due to previous auditor's SEC sanctions
The re-auditing of its consolidated financial statements for the June 30, 2022, fiscal year was required due to the Company's prior audit firm, BF Borgers, being sanctioned by the SEC. The re-audit was completed by the Company's independent auditor, Moore Belize LLP in accordance with Public Company Accounting Oversight Board standards. These re-audited financial statements highlight the Company's commitment to maintaining transparency, accuracy, and compliance in its financial reporting.
Dr. Andrew Trumbach, The Company's Co-CEO and CFO said, "Our accounting firm Moore Belize LLP has worked diligently to complete the re-audits of our financial statements, and their thorough and swift completion reinforces the accuracy and reliability of our financial disclosures. We remain committed to upholding the highest standards of financial governance and to ensure that our financial reports accurately reflect the Company's performance and position us for continued success."
Awaysis Capital will continue to provide updates on the reauditing process and any related developments as they become available.
About Awaysis Capital, Inc.
Increased global trends towards "work from home" opportunities have impacted both residency and travel. We believe that more people are seeking comfortable and convenient places to travel, visit, and live for extended durations. We seek to capitalize on these trends by transforming residential/resort properties in desirable locations into convenient enclaves that facilitate this type of travel or residency. We define an enclave as a gated community that has all the amenities that will allow a person to live, work and play without having to leave the community.
To learn more, visit www.awaysiscapital.com
Forward-Looking Statements
Statements in this press release that are not historical fact may be deemed forward-looking statements. In some cases, you can identify forward-looking statements by terms such as "may," "will," "should," "expect," "plan," "anticipate," "could," "intend," "target," "project," "contemplate," "believe," "estimate," "predict," "potential," "would" or "continue" or the negative of these terms or other similar expressions. Although Awaysis believes the expectations reflected in any forward-looking statements are based on reasonable assumptions, they involve numerous risks and uncertainties and Awaysis is unable to give any assurance that its expectations will be attained. Factors or events that could cause actual results to differ may emerge, and it is not possible to predict all of them. Awaysis' assumptions used for the purposes of the forward-looking statements represent estimates of future events and are subject to uncertainty as to possible changes in economic, legislative, industry, and other circumstances. Such forward-looking statements involve assumptions, known and unknown risks, uncertainties, and other important factors that could cause the actual results, performance or our achievements, or industry results, to differ materially from historical results, any future results, or performance or achievements expressed or implied by such forward-looking statements. There are a number of risks and uncertainties that could cause Awaysis' actual results to differ materially from the forward-looking statements contained in this press release, which are set forth in certain of our filings with the Securities and Exchange Commission. The Company undertakes no obligation to publicly update any forward looking statement, except as may be required by law.
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SOURCE Awaysis Capital, Inc.
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