KPMG now vs past years Why the hold up? 3 things come to mind.
- New regulatory rules now require 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.
2. In January 2023 Reliq changed the nature of its contracts with clients to include mandatory onboarding by Reliq. RHT is no longer a pure Software-as-a-service co. Now it's a software-and-labour-as-a service co.
3. With Crossley’s obsession for a Nasdaq listing perhaps she instructed KPMG to audit the co. rigorously to meet Nasdaq standards