Awaysis Capital Enhances Transparency with Re-Audited Finances
Awaysis Capital Strengthens Financial Integrity
Awaysis Capital, Inc. (OTC: AWCA) has recently taken significant steps to enhance its financial integrity. The company has filed an amended Form 10-K/A that incorporates a re-audit of its consolidated financial statements. This update specifically focuses on the fiscal year ending June 30, 2022, demonstrating the company's commitment to transparency and adherence to regulatory standards.
The Need for Re-Auditing
The necessity for a re-audit arose following sanctions imposed on Awaysis' previous audit firm, BF Borgers, by the SEC. To ensure the reliability of its financial reporting, Awaysis Capital engaged Moore Belize LLP as its independent auditor. They completed a thorough review in accordance with the standards set by the Public Company Accounting Oversight Board, ensuring that the financial statements reflect an accurate depiction of the company's financial health.
Improvements and Commitments
Dr. Andrew Trumbach, Co-CEO and CFO of Awaysis, emphasized the diligent efforts of Moore Belize LLP in finalizing the re-audits. He remarked on the importance of these updates, noting, "Their thorough and swift completion reinforces the accuracy and reliability of our financial disclosures. We are committed to maintaining the highest standards of financial governance to accurately reflect our performance."
Awaysis Capital's Business Model
Awaysis Capital is at the forefront of adapting to new trends in work and living spaces. With a shift towards remote work, there is an increasing demand for comfortable living arrangements that serve both leisure and professional needs. The company seeks to capitalize on these shifts by transforming residential and resort properties into convenient enclaves. These gated communities will provide amenities that allow residents to live, work, and play without needing to venture far outside their premises.
Future Updates and Developments
Awaysis Capital remains dedicated to keeping stakeholders informed about the re-audit process and any additional developments that may arise. As part of its commitment to transparency, the company pledges to provide ongoing updates that reflect its operational performance and strategic direction.
Frequently Asked Questions
What is the significance of Awaysis Capital's re-audit?
The re-audit of Awaysis Capital's financial statements demonstrates the company’s dedication to transparency and compliance with regulatory standards, ensuring stakeholders have reliable information.
Who conducted the re-audit for Awaysis Capital?
The re-audit was conducted by Moore Belize LLP, an independent auditor hired to ensure compliance with professional accounting standards.
Why did Awaysis Capital need to re-audit its financial statements?
The re-audit was necessitated due to sanctions against the company’s previous audit firm, BF Borgers, by the SEC, prompting the need for a trusted auditor to assess financial accuracy.
How does Awaysis Capital plan to capitalize on current market trends?
Awaysis is transforming residential and resort properties into gated communities that facilitate lifestyle needs for those seeking work-from-home opportunities.
What updates can stakeholders expect from Awaysis Capital?
The company is committed to providing ongoing updates about the re-audit process and related developments, reinforcing its dedication to transparency.
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