Espoir gets no-opinion audit after auditor cannot verify three year-end revenue transactions
The catch: Aria Audit said it could not obtain enough evidence to verify three real-estate consulting related transactions booked in the final month of the year, leading to no-opinion reports on Espoir's financial statements and internal controls. The auditor said any required correction could leave the company with negative net assets for a second straight year, and Espoir is now looking for a successor auditor.