DeFi Technologies Inc. Refiles 2023 Annual Financial Statements
TORONTO, Sept. 06, 2024 (GLOBE NEWSWIRE) — DeFi Technologies Inc. (the “Company” or “DeFi Technologies”) (Cboe CA: DEFI) (GR: R9B) (OTC: DEFTF), a financial technology company that pioneers the convergence of traditional capital markets with the world of decentralised finance, announces that it has refiled its 2023 annual consolidated financial statements (the “Refiled 2023 FS”) to include an amended auditor’s report delivered by HDCPA Professional Corporation (the “Auditors”). The date of the 2023 FS remains unchanged and the Refiled 2023 FS have not been restated in any respect.
The Importance of Accurate Financial Reporting
Accurate financial reporting is crucial for investors, regulators, and other stakeholders to make informed decisions about a company. By reissuing its 2023 annual financial statements with an amended auditor’s report, DeFi Technologies is taking a proactive step to ensure transparency and compliance with accounting standards.
Impact on Investors
For investors in DeFi Technologies, the refiling of the 2023 annual financial statements may raise questions about the accuracy of the company’s previous financial reporting. It is important for investors to carefully review the amended auditor’s report and assess any potential implications for their investment in the company.
Impact on the World of Decentralised Finance
As a pioneering company in the world of decentralised finance, DeFi Technologies’ actions in reissuing its financial statements may have broader implications for the industry as a whole. The move signals a commitment to upholding high standards of transparency and accountability, which are essential for the continued growth and adoption of decentralised finance technologies.
Conclusion
In conclusion, the reissuance of DeFi Technologies’ 2023 annual financial statements with an amended auditor’s report demonstrates the company’s dedication to transparency and accountability. While this development may have implications for investors and the wider decentralised finance industry, it ultimately underscores the importance of accurate financial reporting in fostering trust and confidence among stakeholders.
