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WPCS International Incorporated Message Board

  • asmariano3 asmariano3 Dec 30, 2013 7:40 AM Flag

    Financials for past 2 years... but bitcoin business was just since 2 weeks ago....

    WPCS drops after independent accounting firm resigns
    WPCS International disclosed late Friday that it received a notice of resignation from CohnReznick LLP, the company’s independent registered public accounting firm. WPCS stated, "The Former Accountant’s reports on the company’s financial statements for the past two years do not contain an adverse opinion or a disclaimer of opinion, and are not qualified or modified as to uncertainty, audit scope, or accounting principles, except as that the reports of the Former Accountant for the past two fiscal years ended April 30, 2013 and 2012 indicated conditions which raised substantial doubt about the Company’s ability to continue as a going concern." The resignation of CohnReznick was not recommended or approved by the audit committee or board of directors of the company, it added. WPCS said it has not engaged a replacement independent public accounting firm as of Friday.

2.00-1.02(-33.77%)Jul 2 4:00 PMEDT