Awaysis Capital's Commitment to Transparency and Growth
Awaysis Capital's Recent Financial Developments
Awaysis Capital, Inc. (OTCMARKETS: AWCA) is proud to announce the completion of its amended Form 10-K/A, following a thorough re-audit of its consolidated financial statements for the fiscal year ending June 30, 2022. This amendment not only incorporates the latest financial updates but also removes the previous going concern qualifications.
The Need for a Re-Audit
The necessity for a re-audit arose from circumstances involving the Company’s former auditor, BF Borgers, which faced sanctions imposed by the SEC. To ensure the integrity and accuracy of its financial reporting, Awaysis Capital engaged Moore Belize LLP as its new independent auditor under the standards set by the Public Company Accounting Oversight Board.
Commitment to Financial Integrity
Dr. Andrew Trumbach, Co-CEO and CFO of Awaysis Capital, expressed his gratitude towards Moore Belize LLP for their diligence in executing the re-audit swiftly and effectively. He remarked, “Their comprehensive approach reinforces the accuracy of our financial disclosures, and we are dedicated to maintaining the highest standards of financial governance.” Awaysis Capital is determined to ensure that their financial reports reflect the true performance of the company accurately, setting a strong foundation for future growth.
Future Updates on Financial Progress
The company is committed to transparency and will continue to provide ongoing updates regarding the re-auditing process and any significant developments as they arise.
About Awaysis Capital, Inc.
Awaysis Capital is strategically positioned to benefit from global trends favoring remote work. As more individuals seek comfortable living situations that support long-term stays, the company aims to convert residential and resort properties in sought-after areas into immersive, gated communities. These enclaves will offer a blend of convenience and luxury, meeting the growing demand for tailored living environments.
Frequently Asked Questions
What is the significance of the re-audit by Awaysis Capital?
The re-audit reinforces the accuracy and reliability of Awaysis Capital's financial disclosures and removes previous qualifications regarding going concern.
Who conducted the re-audit for Awaysis Capital?
The re-audit was performed by Moore Belize LLP, an independent auditor recognized for complying with the standards of the Public Company Accounting Oversight Board.
What impact does the re-audit have on investors?
The re-audit enhances investor confidence by ensuring that financial statements are transparent and accurately portray the company’s financial status.
How does Awaysis Capital respond to industry risks?
Awaysis Capital acknowledges industry risks and uncertainties, with a commitment to updating stakeholders on any factors that could affect financial performance.
What is the vision of Awaysis Capital regarding housing trends?
The company aims to transform residential properties into convenient enclaves where people can live, work, and play without needing to leave the community.
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