5/5NITCHES INC: Non-reliance / restatement

Market data

n/a: no ticker symbol on the filing.

Verified excerpt

"Investors and other users of the Company's financial statements should no longer rely on the Prior Financial Statements."

Quoted from the filing. Source

What this means

The company says previously issued financial statements (or the auditor's report on them) should no longer be relied upon (8-K Item 4.02). Non-reliance on the financial statements themselves is one of the most serious accounting red flags: past reported numbers were wrong and will be restated.

Scope: previously issued financial statements

Why this score: also within 90 days: Going-concern doubt