BANXA Holdings Inc (TSX-V:BNXA, OTCQX:BNXAF) provides an update on the FY23 audit, revealing a revised completion timeline of December 8, due to additional substantiation required for its agency revenue recognition policy.
The audit partner, PKF Antares, is in the final review stage and has engaged a third-party accounting firm for an independent opinion on the policy. The outcome is expected this week. The policy has no impact on gross profit, net income, or cash position.
Banxa will hold its AGM on November 30, with a live broadcast at https://tinyurl.com/BanxaAGM.