Last week, I sent the following question for the OASIS Annual Meeting. I sent to OASIS Staff and to the OASIS Board Executive Committee. I realize I should have made it available to everyone else as well.
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Here is a question I, a Voting Member of the OASIS 503c6 Corporation, would like to have answered publicly by the Board at the Annual Meeting:
Prior to the recent 2023 Financial Statement, all previous Financial Statements contained the following statement:
"We have audited …In our opinion, the combined financial statements referred to above present fairly, in all material respects, the financial position of OASIS Open & Associates…"
The 2023 Financial Statement instead says:
"We have reviewed …A review is substantially less in scope than an audit, the objective of which is the expression of an opinion regarding the financial statements as a whole. Accordingly, we do not express such an opinion. "
My understanding is the change from audit to review was done as a cost savings. What percent of the $3.9M 2023 operating costs (per FS pg 4 Total Operating Expenses ) was saved and is the intent is return to an audit in 2024 or in the future?
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Duncan Sparrell
Chief Cyber Curmudgeion
sFractal Consulting LLC
Oakton VA
703-828-8646
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