Arcane, what does that have to do with AZNT? <s>
Unfortunately for those that wished to see AZNT remain on the OTCBB, it appears possible that AZNT may have thought it had nothing to do with them or was unaware of the need for adequate internal accounting controls:
Albright, Persing & Associates, Ltd.
Certified Public Accountants
Independent Auditor's Report
To the Board of Directors and
Stockholders of Amazon Natural
Treasures, Inc.
We have audited the balance sheet of Amazon Natural Treasures, Inc. as of December 31, 1998, and the related statements of comprehensive income, stockholder's equity, and cash flows for the year then ended. These financial statements are the responsibility of the Company's management. Our responsibility is to express an opinion on these financial statements based on our audit. The financial statements of Amazon Natural Treasures, Inc. as of December 31, 1997, were audited by other auditors whose report dated July 17, 1998 expressed an unqualified opinion with a going concern uncertainty on those statements.
We did not observe the physical inventory in 1998 stated in the accompanying financial statements at $444,983. The Company's records do not permit the application of other auditing procedures to inventories. In addition, the Company does not maintain certain customary accounting records and supporting documents relating to transactions with suppliers and customers, nor, in our opinion, is the system of internal control adequate to provide safeguards of
assets and to assure proper recording of transactions. Accordingly, it was impracticable to extend our procedures sufficiently to determine the extent to which the financial statements may have been affected by these conditions.
Since inventory at December 31, 1998 enters significantly into the
determination of financial position, results of operations, and cash flows, and since the Company does not maintain certain customary accounting records or documents, or an adequate system of internal control, as described in the preceding paragraph, the scope of our work was not sufficient to enable us to express an opinion, and we do not express an opinion on the financial statements referred to above. ...
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