Business
Hollywall Entertainment Inc., (OTC:HWAL) Announces the completion of its 2020 and 2019 Audit(s)
Hollywall Entertainment Inc., (OTC:HWAL) Announces the completion of its 2020 and 2019 Audit(s).
About this update from Hollywall Entertainment Inc.
[{"type":"text","content":"WASHINGTON DC / ACCESSWIRE / June 29, 2022 / Hollywall Entertainment Inc. (OTC Pink:HWAL), a multi-faceted developer, telecommunications, technology, media, sports and entertainment and broadcasting company, announces the successful completion of its Public Company Accounting Oversight Board United States (PCAOB) audited financial statements for fiscal years ending in December 31, 2020 and 2019.The finalization of this audit, along with the pending completion of its 2021 audit lays the foundation for Hollywall to qualify once again as a fully reporting issuer with the United States Securities and Exchange Commission (SEC).On May 2021, Accell Audit and Compliance, P.A. (Accell) was retained by HWAL to administer a full and complete audit of the Company in compliance with SEC Rule 3520. After a year of diligent and thorough auditing preparation and review, and in conjunction with the accounting firm of Noble Accounting and Consultant Executives LLC. (NACE), Accell has completed auditing the balance sheets of HWAL for the periods ending December 31, 2020 and 2019, and continues to work diligently towards the anticipated completion of the company's 2021 audit, along with the Company's related consolidated statements of operations, stockholders' deficit and cash flows for the years then ended, which is intended to be filed in a Form S-1 under the Securities Exchange Act of 1933.Further, Hollywall has recently made it's application to qualify for an uplisting to the OTC Markets Group's OTCQB Venture Market in the United States.Accell, an independent registered public accounting firm in compliance with SEC Rule 3520, operates within the jurisdiction of the federal securities laws administered by the Securities and Exchange Commission (SEC). The consolidated financial statements of HWAL have been prepared in accordance with accounting principles generally accepted in the United States (U.S. GAAP) and audited in accordance with the standards of the PCAOB.Previously on March of 2021 the company announced the completion of the (PCAOB) audited financial statements for fiscal year (s) ending in December 31, 2019 and December 31, 2018.NACE Founder and Managing Director, Alejandro Gonzalez states, "We are proud to announce that Hollywall Entertainment, Inc. has completed auditing of its corporate financial statements and disclosure statem...