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Avricore Health Inc V.AVCR

Alternate Symbol(s):  AVCRF

Avricore Health Inc. is a pharmacy service innovator focused on acquiring and developing early-stage technologies aimed at advancing pharmacy practice and patient care. The Company is involved in the business of health data and point-of-care technologies (POCT). HealthTab, its flagship offering, is a turnkey point-of-care testing solution that combines point-of-care technologies with a secure, cloud-based platform for tackling pressing global health issues. With just a few drops of blood from a finger prick, the system generates lab-accurate results on the spot and data is reported in real time. The test menu includes up to 23 key biomarkers for screening and managing chronic diseases, such as diabetes and heart disease (e.g., HbA1c, Lipid Profile, eGFR). The HealthTab also has capabilities for bacterial and viral tests, such as strep and COVID-19. The HealthTab platform transforms pharmacies into community point-of-care diagnostic centers.


TSXV:AVCR - Post by User

Bullboard Posts
Comment by Iveybiz79on Mar 05, 2016 7:02pm
204 Views
Post# 24626595

RE:Pending Financial Statement Release

RE:Pending Financial Statement ReleaseRangers, with you being an accountant, do you have any opinion on the fact the CFO doesn't have his CPA/CA designation, rather only his LLB to be a lawyer? He is the final signature and the guy over seeing the auditors no? you gave a very nice description of the accounting end sounds so easy even a lawyer could do it LOL " January 1 to mid February - internal working paper file preparation. Drafting of financial statements and corporate tax. Time was required to ensure all payables were received and reported. Please remember that working with out of country transactions (India) and preparing for an audit that includes first time sales, cost of sales and other costs, takes time to think through and present properly. Any accountant worth his or her salt wants to ensure the documents provided to the auditors are as complete and clean as possible. This work reflects on the internal accountants ability and professionalism. As well, the cleaner the file the better. Less time to be spent by the auditors the less the cost for the work. Back to the timeline: Mid-February to end of February - review of my work by the company President and Board members on the audit comittee. Any final clean up of the file is taken care of then. March 1 - Submission of the file to the auditors March 1 to mid-April - external auditor file work. These audits have multiple levels to work through. From the lowest student level work to mid-managers, up to top file managers and to senior partners to sign off the file. Mid-April to late April - completion of audit report, review of financial documents with company representatives and release through News release and Sedar. Complete audits, even for small cap entities take much more time and effort to perform than in the past. A great deal of planning work is required to be performed per CPA Institute requiements. Often this prep work is performed just prior to receiving the audit file and in conjunction with the audit work itself. Read more at https://www.stockhouse.com/companies/bullboard/bullboard/v.nph/vanc-pharmaceuticals-inc#C8zwEMq3irXtMBUx.99
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