Reliq Health Technologies Inc V.RHT.H

Alternate Symbol(s): RQHTF

Technology Software - Application

Reliq Health Technologies Inc. is a global healthcare technology company that specializes in developing virtual care solutions for the healthcare market. The Company’s iUGO Care platform supports care coordination and community-based virtual healthcare. iUGO Care allows complex patients to receive care at home, improving health outcomes, enhancing quality of life for patients and families and reducing the cost of care delivery. iUGO Care provides real-time access to remote patient monitoring data, allowing for timely interventions by the care team to prevent hospital readmissions and ER visits. The iUGO Care platform integrates wearables, sensors, voice technology and mobile apps and desktop user interfaces for patients, clinicians and healthcare administrators. The iUGO Care platform provides services, such as remote patient monitoring, chronic care management, principal care management, behavioral health integration, telemedicine, transitional care management, wound care, and others.

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Reliq Health Technologies Inc > Auditing standard changed

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Post by lscfaon Jul 28, 2024 10:37pm

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Post# 36152052

Auditing standard changed

So KPMG was obligated to do an audit of ICFR per new rules by regulator. It must have found deficiencies and could not sign off on the financial statements. Reliq must be correcting deficiencies so it can get a clean audit report from KPMG.

In June 2023 The Public Company Accounting Oversight Board (“PCAOB”) proposed amendments to its auditing standards related to an auditor’s consideration of a company’s noncompliance with laws and regulations in the performance of an audit.

In May 2024 AS 1001, AS 1005, AS 1010, and AS 1015 were replaced with one standard, AS 1000, that describes the general principles and responsibilities of an auditor in conducting an audit in accordance with the standards of the PCAOB. Briefly, the new standard:

Includes introductory language that reaffirms the auditor’s fundamental obligation to protect investors through the preparation and issuance of informative, accurate, and independent auditor’s reports;

Includes objectives for the auditor to conduct and communicate the results of both an audit of a company’s financial statements and an audit of a company’s ICFR and satisfy and fulfill other general principles and responsibilities described in this standard;

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